Pesion in future and ssdi?/
 

ok i am 51 and at 55 i can take an early prsion , IF i di ever get approved for ssdi will the take my pension / i would like to take it early at 55 cause i havent been able to work in almost 2 yrs? thank you

I'm on disability, but I live in Australia so I can't comment on the way the USA assesses pensions, but I'll tell you how it works here.

We're permitted lots of assets, like one house, one car, one caravan, etc.... and we can have a certain amount in the bank (I think it's about $70,000 but I could be wrong). Also we're allowed to earn $62 without penalty, before our pension is cut. After that our allowance is then reduced by 50 cents for each dollar above $62, up to and including $250, then 60 cents for each dollar over $250.

Even though the numbers will be different, I wonder if your pensions might be assessed in a similar manner.

I'll be taking out my superannuation in about 18 months and it depends what I do with it as to whether my pension suffers or not. If I make money off it (like interest) my pension would suffer, but if I spent it all as in paying off the mortgage, my disability wouldn't suffer at all.

I'm hoping some-one with more relevant American information will step in.

You can collect a pension and SSDI with no problems.

People who receive SSDI and WC or short/long term disability can't go over 80% of their pre disability wages for their total amount of benefits. If your total benefits (including family benefits) add up to more than the 80%, SSDI decreases your benefit to be inline with the 80%.

You might want to read this.

http://ssa-custhelp.ssa.gov/cgi-bin/...i=&p_topview=1

The above link refers only to individuals who have worked for a federal, state or local government and have a government retirement (most government employees do not pay into Social Security, but pay into a government pension program).

If you have not worked for the government and have a private pension plan, the link you want is this one:

http://ssa-custhelp.ssa.gov/cgi-bin/...i=&p_topview=1

Yup

This link says the same........http://www.ssa.gov/pubs/10018.html

Summaried as......"Disability payments from private sources, such as private pension or insurance benefits, do not affect your Social Security disability benefits."

Not quite if you read it properly it says the following:

If you worked in a job that was not covered under Social Security, e.g., some Federal, State, or local government employment, the pension you get based on that work may reduce your Social Security benefits. Your benefit can be reduced under one of two provisions.
The link you used is for retirement. At 51 or even 55 I don't think she is qualified to retire.
e.g. stands for exemplum gratia latin meaning for example.

wdgranny what kind of pension are you talking about? This may apply to you.

http://www.socialsecurity.gov/pubs/10045.html#who

The Disability payment is only the first paragraph. The rest has to do with workers comp, which it does affect your benefits.

However, workers’ compensation and other public disability benefits may reduce your Social Security benefits. Workers’ compensation benefits are paid to a worker because of a job-related injury or illness. They may be paid by federal or state workers’ compensation agencies, employers or by insurance companies on behalf of employers.

wdwgranny, you asked a good question, that seems to have stirred up some controversy between the responders. Maybe the better links for you to check would be these, where attorneys answer your question.

Law Info

In this next link, the opening paragraph is: Ordinarily, disability payments from other sources do not affect your Social Security disability benefits. But, if the disability payment is Workers Compensation or another public disability payment, you and your familys Social Security benefits may be reduced.

Then scroll down to the paragrah "What Payments Do Not Affect your Social Security Disability Benefits?". One of the payments that does not affect SSDI benefits is 'Private pensions or insurance benefits'.

Illinois Social Security Disability Assistance Center

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I;m 54 and applied for my pension from my UNION,, I can take a early retirement at 55,, BUT,, the thing is,, your pension is cut 3% a year from 55 up to 65,,, a 30% cut in benefits,, but not being able to work and getting a pension is a whole sight better then getting nothing at all,, and I dont think your pension income affects your disibility payment from SS

In Florida most jobs are not Union. Early retirement is 62. So you would start out getting 30% off then the next year 3% more? Your right it's better than nothing and between the two benefits you should at least be able to pay your bills and mortgage.

But Granny is not on WC, so that part does not apply to her. That's why I direct copied the relevant infomation for her in my reply.

I think until wdwgranny responds to what she meant we should leave this back and forth alone.

Most likely, not

If he retires now it will be at 30% off of the amount it would have been if he worked to age 65. It doesn't go up each year after that (unless his union does COLA raises)

The 3% each year refers to how much it went down for each year early he takes retirement (3% x 10 years=30%)

This was Feel the Burns post. I was just asking a question, waiting for an answer (I think it's a her) at the top of the page.

And I am answering that question because I have some experience with how unions work the retirement issue

I think you should not correct me when I am right. Wdwgranny's question is about a pension, not WC

Where did I say it was about WC?

This was your link not mine. The first sentence has to do with private sources and pensions, but the rest is about WC. You were agreeing with plgerrard.

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I know it was my quote. WDW wants to know that her pension would not effect her SSDI. I found info on the ssa website saying that it would not her SSDI. I included the link so she would know where it came from.

All done, easy peasy......until you wrote that only the first sentence is about pension and the rest about WC. Who cares if the rest is about WC ? It doesn't apply to WDW. I gave her the info that DOES apply to her.

I know I was agreeing with plgerrard.......that's why I clearly wrote "Yup....this link says the same thing"

I just wanted to inform anybody who read it that it was mostly about WC so they didn't waste their time if it didn't apply to them.

ok I am going to have to intervene here and ask those members who are turning this into a back and forth of who said what and what is right to please not do this here!

it becomes very very confusing for members who ask a question to follow what is going on when their thread turns into this kind of dispute

we appreciate that their are members who either have legal or personal experience with the system and are trying to be helpful. But having these personal back and forths on a thread isnt helping...it only adds confusion


please, if a member feels someone has posted incorrect information, just post what you believe is correct, without calling each other out this way. It might also be helpful to discuss with each other via PM what you feel is incorrect information and then make edits as needed, or contact us with edits you need done

again we appreciate members giving of their time to add their experienced or expert opinion. But there is going to have to be a balance here please

We may agree to disagree but I still like everybody.

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thanks every one i am good i got my answer from al the info here. again thanks so much for all your help this is such a great place to get info and feel like were not alone in our struggles .
heres to easy approvals for all :D

I'm glad you found the answer wdwgranny. Let us know when you get your award letter.