i was laid off today, not due to poor performance, budgetary concerns. planned on working till 66.5 ....I am 62 ...can I collect unemployment and social security>
Yes, it does. Illinois unemployment law allows the state to reduce your unemployment compensation by 50% of your Social Security benefit. Illinois is one of only five states that still apply an offset to unemployment. For more information, see Related Questions, below.
You can collect both Social Security and unemployment security benefits in all 50 states at the same time. Only 4 states (Illinois, Louisiana, Utah, and Virginia) offset unemployment by some part of the Social Security benefit.
no . never .
Yes, if you were fired or laid off you can collect unemployment & it doesn't matter if you're drawing Social Security.
It's the other way around. Half the amount of your Social Security benefits are deducted from Illinois' unemployment benefits. Illinois is one of only three states that still applies a 50% offset to unemployment.
Yes
To collect unemployment benefits, contact your local state employment security office, or its equivalent, to file your claim. The Social Security application needs to be through the local Social Security Administration's office, information can be found online.
Yes, you can collect both Social Security and unemployment benefits at the same time in Utah, but the state will offset your weekly unemployment check by 50% of the weekly value of your Social Security payments.
Yes, if you qualify for the unemployment and, for Social Security, the only question then is if it is early or for the full benefits
Yes, if you meet eligibility requirements for both programs. New York repealed the Social Security offset regulations that reduced unemployment compensation for people who were claiming both benefits. Both Social Security and the State of New York allow workers to collect unemployment and Social Security at the same time without applying a penalty to either check.
If you have 40 or more quarters that you have paid into Social Security--you are eligible for Medicare AND can collect a PORTION of your SS. There is an offset because of your teacher pension.
Yes, you can collect them both at the same time.