Bradley is correct in that IF you have your 40 quarters in to
Social Security, you qualify for Soc Sec BUT it will be
reduced if you get PERA (Colorado Teacher Retirement). I just
met with Soc Sec to ask this very question. I am almost at 40
quarters. At my recent meeting, it was suggested to me that I
go back and work to meet the 40 - not to earn more money at
retirement but rather so I can get the Medicare B. With
retirement, I'll get Medicare A but the B covers all the
hospital expenses and most teachers who have only taught and
no other jobs will be without this coverage. I know Louisiana
has the same policy in that you get only the teacher's
retirement. Arkansas allows you to collect both. My friend
lives in a bordering town of Louisiana but works in Arkansas
for this very reason.
On 10/14/07, Bradley wrote:
> On 10/14/07, Hope wrote:
>> I have a question and would appreciate any information.
>> Does CO have a policy that prohibits receiving both a
>> pension from your school district and social security? I
>> am from CO and thinking about moving back.I became a
>> teacher 3 years ago in Las Vegas after being a waitress
>> for 30 years. I didn't do my homework and found that if I
>> take retirement from the district they will reduce the
>> meager sum I receive from S.S. This is dishearting, Is CO
>> the same? Thanks for the info.
> I believe that if you have previously held a job in which
you contributed to Social
> Security, you will receive SOME SSbenefits, based on the
number of years you
> worked and contributed, in addition to PERA.