Can I add more than one pension?

Yes. Add as many as you have, for you and for your spouse or partner. Each pension has its own name, monthly payment and start age, plus an optional yearly raise, survivor percentage and one-time payout.

How does a DROP or other one-time payout work in the plan?

You enter the payout amount your plan projects and the age you take it. It is added once, at that age, either instead of the monthly pension or on top of it (for a DROP or partial lump sum). If you choose to move it into a retirement account, it is taxed later as you withdraw it; if you take it as cash, it is taxed as ordinary income that year. Beyond Payday does not compare taking a lump sum against a monthly payment for you — you can model each choice and look at both.

Does Beyond Payday reduce my Social Security for WEP or GPO?

No. The Social Security Fairness Act, signed January 5, 2025, ended the Windfall Elimination Provision and the Government Pension Offset, and SSA says they no longer apply to benefits payable for January 2024 and later. Beyond Payday uses the Social Security amount you enter and pays it alongside your pension, with no offset between them.

What happens to my pension in the plan if I die first?

Set a life expectancy for each person. From that age, the pension stops and the survivor percentage you entered keeps paying your spouse. Once your spouse is claiming, their Social Security switches to the larger of their own benefit or a survivor benefit based on your record, and household living costs drop to a percentage you choose, 75% unless you change it. With no life expectancy set, the projection runs both of you to 95.

Is the pension planner free?

Tracking a pension as income, and your 403(b), 457(b) or TSP balance, is free. The retirement projection — pensions, yearly raises, one-time payouts, survivor income and Social Security claim ages — is part of Pro. New accounts get a 30-day Pro trial with no card, and keep the Free plan afterwards unless they subscribe.

Does it connect to my pension system or to SSA?

No. You type in the numbers from your pension statement and your Social Security estimate. Beyond Payday never asks for a login to your pension system, SSA or your bank.

A retirement planner with pension income built in

For teachers, government workers, police, firefighters and military families. Put in each pension with its yearly raise, survivor share and any one-time payout, add your 403(b), 457(b) or TSP, and see how it all stacks up with Social Security — month by month to age 95.

Start planning free See a teacher’s pension modeled

30 days of Pro free — no card; keep the Free plan after unless you subscribe ($9/mo).

Pensions

Put your pension in the way your statement shows it.

Monthly payment, the age it starts, a yearly raise if it has one, the share that keeps paying your spouse, and any one-time payout. The same fields for every pension you add.

See a teacher’s pension in the live demo

One pension with a yearly raise, a 50% survivor share and a one-time payout rolled into a retirement account. Illustrative sample data — a fictional teacher, not real user finances.

What you can model

Every number here is one you enter from your own statements, and you can change it any time. The retirement projection is part of Pro; tracking a pension as income and your account balances is free.

More than one pension

Add as many pensions as you have, for you and for your spouse or partner — a state teacher plan, a military pension, a city plan from an earlier job. Each one has its own name, monthly payment and start age.

A yearly raise, if yours has one

Turn on “Gets a yearly raise” and enter the rate from your plan. The payment grows by that rate once a year from the age it starts. Leave it off if your pension is flat.

What keeps paying your spouse

Enter the percentage of each pension that keeps paying your spouse after you die. Set a life expectancy for each of you and the projection switches to survivor income from that age.

A DROP-style one-time payout

Enter the payout your plan projects and the age you take it. Choose whether it replaces the monthly pension or comes on top of it (DROP), and whether it moves into a retirement account, taxed later as you withdraw it, or comes as cash, taxed as ordinary income that year.

Annuities, too

Lifetime or for a set number of years, with an optional purchase amount, yearly raise and survivor share — each one its own income line.

403(b), 457(b) and TSP accounts

Track them as their own account types, alongside a spouse’s 401(k) or IRA. While you are still saving, the plan holds contributions to the IRS limits, catch-ups included.

Pension & contributions

Teacher’s pension$3,400/mo

Grows 2% a year with a cost-of-living adjustment

IRS limits the plan enforces (2026)

403(b) / 457 / TSP base limit$24,500
Age 50+ catch-up+$8,000
Ages 60–63 super catch-up+$11,250

Illustrative pension; limits are the current maintained IRS figures.

Pension and Social Security

Your pension and Social Security, side by side.

Each pension, each annuity and each person’s Social Security is its own income line — nothing is netted against anything else. Pick a claim age from 62 to 70 for each of you and watch the whole plan change.

See both incomes in the live demo

The same worker, three claim ages

A $3,000 full-retirement-age benefit for someone born 1960 or later (full retirement age 67), adjusted by the SSA’s own factors. Earlier birth years use their own full retirement age.

Claim at 6230% less for claiming early$2,100/mo
Claim at 67Full retirement age$3,000/mo
Claim at 7024% more for waiting$3,720/mo

Plus spousal benefits (the greater of your own or half your spouse’s) and a survivor income analysis for whoever outlives the other.

WEP and GPO

The Social Security Fairness Act, in plain terms

The Social Security Fairness Act was signed into law on January 5, 2025. It ends the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), the two rules that used to reduce Social Security for many people with a pension from work that did not pay into Social Security. SSA names teachers, firefighters and police officers in many states among the people with that kind of pension.

According to SSA, December 2023 was the last month WEP and GPO applied, so they no longer apply to benefits payable for January 2024 and later. SSA says eligible beneficiaries received a one-time payment covering the increase back to January 2024, and its pension page now says it no longer reduces benefits because of pensions from jobs that did not pay into Social Security.

In Beyond Payday, there is no WEP or GPO reduction to apply. You enter the Social Security amount from your own estimate — SSA’s my Social Security account can estimate benefits at different ages — and the plan pays it alongside your pension. For reference, full retirement age is 67 for anyone born in 1960 or later. For that group, claiming at 62 pays 70% of the full amount and waiting until 70 pays 124%.

Sources

SSA: Social Security Fairness Act — WEP and GPO update — verified Sep 25, 2026
SSA: Pensions and work abroad won’t reduce benefits — verified Sep 25, 2026
SSA: my Social Security — verified Sep 25, 2026
SSA: Retirement age and benefit reduction — verified Sep 25, 2026
SSA Office of the Chief Actuary: Early or delayed retirement — verified Sep 25, 2026

Frequently asked questions

Can I add more than one pension?: Yes. Add as many as you have, for you and for your spouse or partner. Each pension has its own name, monthly payment and start age, plus an optional yearly raise, survivor percentage and one-time payout.
How does a DROP or other one-time payout work in the plan?: You enter the payout amount your plan projects and the age you take it. It is added once, at that age, either instead of the monthly pension or on top of it (for a DROP or partial lump sum). If you choose to move it into a retirement account, it is taxed later as you withdraw it; if you take it as cash, it is taxed as ordinary income that year. Beyond Payday does not compare taking a lump sum against a monthly payment for you — you can model each choice and look at both.
Does Beyond Payday reduce my Social Security for WEP or GPO?: No. The Social Security Fairness Act, signed January 5, 2025, ended the Windfall Elimination Provision and the Government Pension Offset, and SSA says they no longer apply to benefits payable for January 2024 and later. Beyond Payday uses the Social Security amount you enter and pays it alongside your pension, with no offset between them.
What happens to my pension in the plan if I die first?: Set a life expectancy for each person. From that age, the pension stops and the survivor percentage you entered keeps paying your spouse. Once your spouse is claiming, their Social Security switches to the larger of their own benefit or a survivor benefit based on your record, and household living costs drop to a percentage you choose, 75% unless you change it. With no life expectancy set, the projection runs both of you to 95.
Is the pension planner free?: Tracking a pension as income, and your 403(b), 457(b) or TSP balance, is free. The retirement projection — pensions, yearly raises, one-time payouts, survivor income and Social Security claim ages — is part of Pro. New accounts get a 30-day Pro trial with no card, and keep the Free plan afterwards unless they subscribe.
Does it connect to my pension system or to SSA?: No. You type in the numbers from your pension statement and your Social Security estimate. Beyond Payday never asks for a login to your pension system, SSA or your bank.

Step-by-step: Add a pension to your retirement plan. The full engine is on retirement planning.

See your pension next to everything else

Pensions, 403(b), 457(b) and TSP accounts, and Social Security — for you, and your spouse or partner, if you plan together.

Start planning free

30 days of Pro free — no card; keep the Free plan after unless you subscribe ($9/mo). After 30 days you keep the Free plan — no charge, no card.

Important: Beyond Payday is a financial planning and tracking tool. It is not a financial advisor, investment advisor, accountant, or tax professional. The information, calculations, and projections it provides are for informational and educational purposes only and are not financial, investment, tax, or legal advice. Projections are estimates, not guarantees — they are based on the numbers and assumptions you enter, and actual results will vary. Social Security rules are summarized from SSA’s own pages as of the date shown; check your own benefits with SSA and your pension details with your plan. Consult a qualified professional before making financial decisions. Beyond Payday assumes no liability for decisions made based on the software.