Latest topics
Social Networks
Links to Affiliates and Resources
Displaced American Workers United
Outsaurus
Extend Unemployment Benefits
Unemployed Workers.org.
Examiner.com Denver
99ers.net/
Unemployment Benefits and Social Security Retirement offsets
Page 1 of 1
Unemployment Benefits and Social Security Retirement offsets
Are there any? The answer to that is maybe. Go to
Google and search on:
"unemployment and social security offsets"
the most complete document there is at:
http://www.nelp.net
According to the NELP report 11 states have some
sort of offset. Mostly 50%. The District of Columbia
offsets 100%. You need to research your situation
in your State carefully before filing for Social
Security Retirement Benefits. Or, if you were
working and was collecting Social Security Retirement
Benefits and then apply for Unemployment Benefits
you may lose some of your Social Security Retirement
Benefits.
In most States you can collect both Unemployment
Benefits and Social Security Benefits both at
the same time. And they do not effect each other.
For some of us that may in fact be a bit of a
bonanza.
If you attempt to collect Social Security Disability
Benefits and Unemployment Benefits both at the
same time then you are telling one Government agency
you can work and the other you cannot work. They
will find you.
I live in California. There are no offsets in
California. I researched this really really hard
before starting my Social Security Retirement Benefit
when I turned 65. I even asked the person at the SS
Office about it and they said it was unaffected.
I sent a message to the CA EDD and got the same
response. To give you the extreme case in CA the
maximum UI amount per week you can get is $450.
The maximum monthly amount you can get from a
Social Security Retirement Benefit is $2366,
450 x 4 = $1800/mo UI
$2366/mo SS retirement
$1800 + $2366 = $4166/mo
I don't make $2366 from my SS retirement benefit
but I had a successful career and my benefit
is not a lot, not a little, but comfortable.
I can easily live modestly on it and get nothing
else.
Really really important. Unemployment Benefits are
taxable. And depending on your situation a part of
your Social Security Benefits can be taxable too.
So check with your tax person on your status.
I made four estimated tax payments last year and
got a rebate.
I'm more then happy to share what I have experience
with anyone who asks.
Google and search on:
"unemployment and social security offsets"
the most complete document there is at:
http://www.nelp.net
According to the NELP report 11 states have some
sort of offset. Mostly 50%. The District of Columbia
offsets 100%. You need to research your situation
in your State carefully before filing for Social
Security Retirement Benefits. Or, if you were
working and was collecting Social Security Retirement
Benefits and then apply for Unemployment Benefits
you may lose some of your Social Security Retirement
Benefits.
In most States you can collect both Unemployment
Benefits and Social Security Benefits both at
the same time. And they do not effect each other.
For some of us that may in fact be a bit of a
bonanza.
If you attempt to collect Social Security Disability
Benefits and Unemployment Benefits both at the
same time then you are telling one Government agency
you can work and the other you cannot work. They
will find you.
I live in California. There are no offsets in
California. I researched this really really hard
before starting my Social Security Retirement Benefit
when I turned 65. I even asked the person at the SS
Office about it and they said it was unaffected.
I sent a message to the CA EDD and got the same
response. To give you the extreme case in CA the
maximum UI amount per week you can get is $450.
The maximum monthly amount you can get from a
Social Security Retirement Benefit is $2366,
450 x 4 = $1800/mo UI
$2366/mo SS retirement
$1800 + $2366 = $4166/mo
I don't make $2366 from my SS retirement benefit
but I had a successful career and my benefit
is not a lot, not a little, but comfortable.
I can easily live modestly on it and get nothing
else.
Really really important. Unemployment Benefits are
taxable. And depending on your situation a part of
your Social Security Benefits can be taxable too.
So check with your tax person on your status.
I made four estimated tax payments last year and
got a rebate.
I'm more then happy to share what I have experience
with anyone who asks.
wilcal- Member
- Posts : 17
Join date : 2011-02-22
Similar topics
» Social Security Disability Fund A Last Resort For The Unemployed As Benefits Dry Up
» GOP grandstanding on debt limit could jeopardize Social Security payments, unemployment checks
» Social Security Lies by Senator Bernie Sanders
» URGENT: HELP SAVE SOCIAL SECURITY
» Social Security disability on verge of insolvency
» GOP grandstanding on debt limit could jeopardize Social Security payments, unemployment checks
» Social Security Lies by Senator Bernie Sanders
» URGENT: HELP SAVE SOCIAL SECURITY
» Social Security disability on verge of insolvency
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Feb 06, 2019 3:59 pm by Sad American
» UF2 Members Chat Thread: Part 3
Thu Mar 02, 2017 1:02 am by DesperateInRI
» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Wed Mar 01, 2017 8:19 pm by DesperateInRI
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009
» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72
» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009
» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA
» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed
» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA
» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper
» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe
» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore
» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI
» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009
» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009