First: November 15, 2013
Last: November 15, 2013
I am 53 years old, have worked in Ohio 35 years (10 years social security + 24 years strs) and want to retire, but am lead to believe I have to work 11 more years. I had several jobs from the time I graduated high school, until I decided to be a teacher, in which I was told I had to signup for social security and medicare. I currently have 33 social security credits but am led to believe I will not see any of that money or at best a minimal amount. From 1978 to 1990 I earned 33 social security credits. I have taught every year beginning with the 1990-1991 school year and because of our Ohio Governor can not retire until I'm 65 or have 35 years which occurs at the same time for me. Until recently I was anticipating full retirement at 60 with 30 years. The change to 65 and 35 years should have been grandfathered in but wasn't.
Can the windfall be removed from ohio so I can get full social security?
If it does will I benefit?
I can withdraw my strs retirement but would sacrifice a lot of money, but if I retire strs I would lose the money I paid into social security.
Would I be better off quitting teaching, withdrawing my money from strs and working to get my additional 7 credits for full social security?
How can the ohio windfall be eliminated and will it benefit me?