Security Government Pension Offset (GPO)
The GPO offset applies only to Social Security benefits as a spouse, or widow, or widower who receives a pension based upon his or her own federal, state, or local government employment not covered under Social Security.
Many people don't know this, but your Social Security statement does not reflect any reduction in benefits due to GPO. The Social Security Administration will not tell you how your benefit will be reduced until you file and provide information about your pension.
If your Social Security is affected by GPO, you'll want to account for that in your Plan sooner rather than later. The best way to project your benefit is navigating over to SSA.Gov and using the GPO calculator or calling the Social Security Administration.
Once you know the effect of the GPO on your Social Security benefit we recommend that you disable our Social Security calculations and model your benefits as a pension stream.
Follow these steps:
STEP 1: Head on over to My Plan > Income > Pensions
STEP 2: Press Add a Pension +
STEP 3: Enter a descriptive name, Social Security Subject to GPO for example
STEP 4: Enter your monthly benefit
STEP 5: Enter the start and stop ages
STEP 6: Adjust the optimistic and pessimistic growth rates to match your Social Security COLA assumptions
STEP 7: Select the appropriate tax treatment
STEP 8: Save
If you will receive your own Social Security benefit, but NOT receive a spousal benefit due to GPO, we recommend that you disable our Social Security calculations and model your benefits as a two pension streams, following the steps outlined above.
The first passive income stream will represent your individual Social Security benefit.
The second passive income stream will represent your benefit reduced by GPO as a widow or widower.