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Yes. There are four states that will offset your Social Security against your unemployment benefits, but all the rest will pay compensation in spite of the Social Security. As long as you qualify under your state's rules concerning unemployment you're safe to go!
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If you were working both a part-time and full-time job and was laid off from your full-time job will your unemployment benefits be reduced if you continue working your part-time job?
Generally, yes, depending on the state. They would subtract your part time income from your weekly benefits and you'd receive the difference. If your PT income was greater tha…n your benefit, you'd receive nothing.
Do draws from a 401K count against the annual earnings cap for Social Security benefits below full retirement age?
I am 65. My full Social Security retiredment age is 66. I wnat to draw social security but am concerned that if I take SS payments and draw from my 401K that i will exce…ed the $14,000 + cap on annual wages. Arel draws from my 401K counted against the 14K cap ??
If you are over 65 and drawing Social Security payments and still working If you are laid off can you draw unemployment?
If you are 71 and drawing Social Security but you were working full time but had been laid off Can you still draw unemployment even though you are getting Social Security?
People born between 1943 and 1954 reach full retirement age at 66, which would be in 2013 for someone born in 1947.
Yes.The two programs are different. Social Security is a Federal program that you pay into from your paycheck, as does the employer, and you are eligible to receive after you …turn 62 (unless earlier due to being disabled, which is covered under a different part of the program). The longer you delay receiving Social Security the larger the monthly benefit you would get. The amount you receive depends on your age, how many 'quarters' you worked, and the amount of your earnings. On the other hand, unemployment security, a federal/state program, administered by the state, comes from contributions paid into the program by the employer and the amount he pays in is a percentage of his payroll based on the employer's turn-over rate of employees (the lower the turn-over, the lower the percentage). This way the employer is encouraged to retain employees in order to reduce his costs. The employee, generally, receives unemployment benefits from the state's collected 'employer's unemployment contribution pool', IF he was laid off, i.e. reduction in staff, etc., or was fired without cause (not caught stealing, harassment, drugs, etc.), or other reasons not due to his own actions. Thus you can both draw Social Security while still working (as I had done) or if drawing unemployment because the reason for drawing both are different, from different government agencies, and for different causes.
Yes. They are 2 separate programs that are not affected by the other.
If that's the total work performed in the last 15 months, then no you could not. Otherwise, you can normally accumulate the total work experience over the last 15 months and a…pply.
Yes. They are unrelated programs that do not affect each other.
As long as you qualify as any other worker who is applying for unemployment, your age does not matter. In fact, just the opposite may apply. If you could establish you were fi…red BECAUSE of your age, you might be eligible under the Federal Age Discrimination laws that prohibit discharges due to age. In that case, you could receive substantially more than unemployment benefits would provide.
If you are working full time but have been put on temp layoff can you draw unemployment benefits if you are drawing Social Security benefits in North Carolina?
The below Related Link refers to as "if still attached to an employer's payroll not needing to register", apparently allowing unemployment for a temp layoff. You can draw Soci…al Security benefits, regardless of temp layoff or any other employment situation because it is unrelated to employment issues.
Unless you had previous work history from which to draw unemployment against, you would not be eligible on one weeks employment only.
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You have been medically retired by your full time job against your will cause they could not accomidate your light duty can you draw unemployment?
Because you were terminated through no fault of your own, your state probably would rule that you were entitled. Each state is different in their rules, but most would rule in… your favor.
At age 65 which is no longer the benchmark retirement age, you are subject to the earnings test until you reach the year of your normal retirement or full retirement age. Fo…r 2010 the amount would be 14,160. The earnings limit for workers who are younger than "full" retirement age (age 66 for people born in 1943 through 1954) will remain $14,160. (We deduct $1 from benefits for each $2 earned over $14,160.) The earnings limit for people turning 66 in 2010 still will be $37,680. (We deduct $1 from benefits for each $3 earned over $37,680 until the month the worker turns age 66.) There is no limit on earnings for workers who are "full" retirement age or older for the entire year. You can find the above information and more by clicking the below related link for Social Security On Line.
No, and yes. You cannot draw unemployment benefits AND retire as you have to be actively seeking full time employment, for one thing. However, you CAN receive Social Security …benefits whether you are unemployed OR retired. Those 2 considerations do not affect receipt of Social Security.
Can you draw unemployment and Social Security at the same time if you get laid off from a part time job?
Yes, if you qualify under the conditions set forth by the state you work in and the requirements of the Social Security Administration.
Yes, as long as you qualify for each of them separately.