| Author |
Message |
    
Dave TX
Unregistered guest
Rating: N/A
Votes: 0 (Vote!) | | Posted on Thursday, August 19, 2004 - 12:48 am: | 
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I wanted to know if there are special reule concerning my 401k if I take medical retirement. Specifically will I be penalized if I get money out of the account once medically retired (at 47). |
Paul McChesney (Admin)
Board Administrator
Username: Admin
Post Number: 784
Registered: 5-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, September 04, 2004 - 7:48 am: |
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Sorry; I have a hard enough time keeping up with Social Security law. I am not sure. |
JABO (Unregistered Guest)
Unregistered guest
Rating: 
Votes: 1 (Vote!) | | Posted on Wednesday, April 05, 2006 - 9:29 am: |
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I have already been approved for SSDI. The company in which I worked for has a retirement policy. This policy is a "defined benefit". My question is, since I have been defined as fully diasable under the laws and the SSDI guidelines, should I receive full retirement from work, or can they pentalize me?
I have been employed with this company for 5 years. Under our retirement plan, we receive $42.00 times number of years served.
$42.00 x 5= $210.00 This would be my montly income at retirement age.
However, I am receiving $39.00 a month. Company stance is that I am being pentalized for early retirement. Is this legal since I was forced to retire? Should I not get full benefits?
Thanks! |
Robert Clayton Quinn (Cleansweep)
Rating: N/A
Votes: 0 (Vote!) | | Posted on Sunday, September 22, 2002 - 8:42 pm: |
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From what I have read on the message board, I don't think it would
matter but just want to make sure. I have a small income from an early
retirement ....and now work for the USPS..I am thinking about trying
for disibility because I have a number of health problems that are
causing me to miss alot of work with a lot of pain... Would the income
reduce any amount that I may receive from disibility..... I live in NC
and have been with USPS for almost six years?" |
Paul McChesney (Admin)
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, October 04, 2002 - 5:48 am: |
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Right; I don't think so. There are a few kinds of benefits that serve
to reduce the amount of Social Security Disability payments, but they
are pretty rare. If this is retirement from an ordinary company,
probably not. |
Paul McChesney (Admin)
Board Administrator
Username: Admin
Post Number: 823
Registered: 5-2004
Rating: N/A
Votes: 0 (Vote!) | | Posted on Wednesday, September 15, 2004 - 4:46 am: |
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I should add that such checks, and about any other income, would affect the amount of an SSI check. |
Anonymous
Rating: N/A
Votes: 0 (Vote!) | | Posted on Tuesday, July 18, 2006 - 5:29 pm: |
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will what i have in 401k affect my application for ssd |
John Capas
Rating: 
Votes: 1 (Vote!) | | Posted on Friday, May 03, 2002 - 5:50 am: |
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Hello:
In 1978/79, my carpel tunnel syndrome permanency was assessed at 20%. Although partially disabled (with my right wrist), managed to work until discontinued service retirement (June 2001), after 29 years of civil service with DOD.
Question:
Am I entitled SSD benefits ? If so, why?
Thanks for your help.
John |
Paul McChesney (Admin)
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, May 04, 2002 - 9:27 am: |
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John, you might be; an attorney would have to have more facts. It depends on your age, education, and work experience, as well as all of your impairments. |
Lori Tellington
Rating: N/A
Votes: 0 (Vote!) | | Posted on Friday, March 07, 2003 - 8:56 am: |
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Hello, Female, age 54, took early retirement from truck driving job due to chronic pain from herniated discs in lumbar and cervical areas. I applied for SSDI and was turned down on initial and recon. I appealed and so far have not heard back as to hearing date with ALJ.
There are a lot of tasks I can do for a period of 2 hours or so. Then muscle spasms take me out of action for hours and hours. I don't believe I could do anything for 8 hours 5 days a week.
Was recently diagnosed with OA and depression. On meds for both.
That is only job I ever did and have a high school education only.
I took early retirement as soon as I was eligible for a 25 year pension. The pension fund has very restrictive rules on re-employment. I could lose my pension benefits if I were to find a job in virtually any work in the private industry.
Would the ALJ look at all these facts or would he not take into account that I would lose my pension if I found other work?
Thank you for any input you have. |
Paul McChesney (Admin)
Rating: N/A
Votes: 0 (Vote!) | | Posted on Saturday, November 01, 2003 - 6:15 am: |
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Lori, the fact that you might lose your pension is a negative; I wouldn't talk about it. It means that you have an incentive to not go back to work, besides being disabled.
Unpredictable events of any sort that take you out of work on a frequent basis can be a reason for disability. But you must prove them and prove that you are having them at a frequency that would prohibit work. If I were you I would hire an attorney to make sure all of this is clearly established. |
