A PERA contribution is a pre-taxed contribution that is reported in your W2. This is the only tax document that the federal government requires reporting this contribution. Most PERA members do not contribute to Social Security while they are working for PERA employers.* If you are eligible for both a PERA benefit and a Social Security benefit, your PERA benefit will never be reduced due to Social Security so no you are not being penalized for not contributing to SS tax. Please read this link for further information.
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