Q. My husband was forced to retire early when the Army depot closed here in Sacramento, Calif. Several years later, he was forced to stop working due to a stroke and applied for Social Security disability.
He was told that his Social Security allotment was greatly reduced because of his Thrift Savings Plan retirement account.
He never thought this was fair because he has worked and paid Social Security all his life, but instead of receiving about $1,500 a month on Social Security, he receives a reduced $450. By comparison, I retired on a state pension and am fully qualified for all of my Social Security benefits. But they are also slightly reduced because of his TSP.
Is this correct?
A. This doesn’t sound right. I know of no offset to Social Security benefits based on a TSP account balance. There are offsets for other sources of income, however, and you should visit www.ssa.gov to review the rules and see if you have a basis for appeal.