Should I wait to collect retirement after I am 65 so I don't lose my Social Security Disability?
I have been on SS disability benefits for a couple of months for several medical issues. I recently found out that I could be eligible to receive my retirement from a company I was laid off from (the company closed and I froze my retirement) in the 90's. I am just 61.
Will collecting retirement stop benefits? It isn't very much money per month and I couldn't afford to live on that. Should I wait to collect after I am 65 so I don't lose my SS disability.
If you are indeed receiving Social Security Disability benefits there is no need to worry about receiving your retirement benefits from your former employer. Social Security is not a need-based disability program so income does not affect your eligibility or monthly benefit amount.
From the page:
Social Security Disability does not offset your pension unless your pension is based upon earnings that were not taxed for the purposes of Social Security. In years past, some states, businesses, and companies opted out of the Social Security system. If your pension is based upon non-covered earnings (not taxed), Social Security may offset your disability benefit amount. Generally, individuals who have pensions have no problem receiving their full Social Security Disability benefit because their pension is based upon covered earnings.
If you are receiving a disability pension from an employer or long term disability company, there is a likelihood that they will offset what they pay you each month once you have been approved for Social Security Disability.
If you are receiving a retirement pension from a governmental agency or an employer, it is unlikely that your entitlement to Social Security Disability will cause your retirement pension to be offset (unless the retirement is base non covered earnings, i.e. federal civil service employees). The same is true if you are receiving a military retirement or disability pension.
About the Author: Tim Moore is a former Social Security Disability Examiner in North Carolina, has been interviewed by the NY Times and the LA Times on the disability system, and is an Accredited Disability Representative (ADR) in North Carolina. For assistance on a disability application or Appeal in NC, click here.
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