Duration of audio: 21.5 minutes   

Background - Other benefit offsets

1. Unearned income, generally

• Social Security's inadequacy

2. Primary benefit offset

• As experienced by an individual
• As experienced by a household

3. Noncovered pension offset and "windfall elimination"

• Where is the windfall?
• Origins
  • 20 CFR § 404.408a
  • 20 CFR § 404.213

4. Some offsets flowing the other direction

• Taxation
• SSI
• Integrated private pensions