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Should a disability pension still continue even after age 65 when the disability is still there?
Saying the word "should" insinuates an opinion based question. There is an opinion portion to this, but more importantly is the factual portion.
If I understand this question correctly, it is asking whether or not Disability benefits will pay out beyond age 65. The answer is that in some cases it will and and in some cases it will not.
It will pay beyond age 65 if:
You are disabled and receiving benefits from an individual Disability insurance policy that has a maximum benefit period of age 67 or 70. Additionally, some contracts will have provisions stating that if you become disabled at any age later than 60, the policy will pay benefits for a limited or specific number of years. You can check the guidelines of your contract to see the circumstances in which benefits would be paid after age 65.
If you are disabled and receiving Social Security you may be eligible to receive benefits beyond age 65 as well. This will be dependent on your birth year.
It will not pay beyond age 65 if:
You are disabled and receiving benefits from an individual or group Disability insurance policy that has a maximum benefit period of to age 65.
Regarding Social Security disability benefits, when they terminate at retirement age, the benefits will change from disability to retirement benefits. The primary concern at this point is how much your retirement benefits will be if you have been disabled and out of the work force for an extensive period of time.
What else can I help you with?
If you take your pension at age 55 and still work is there a penalty?
Although you can retire at any age, you can only get your State Pension when you reach State Pension age. The earliest you can receive a company or personal pension is 55 - but this depends on your pension scheme rules. If you're retiring because of ill-health you may be able to take your benefits before this age. If you have serious ill-health and your life expectancy is less than a year then you can retire at any age. You can take up to 100 per cent of your pension fund as a tax-free lump sum. If you're married or have a civil partner, up to 50 per cent of the pension fund may be retained by the scheme. This will be used to provide for a survivor's pension.
Is state pension unearned income for tax purposes?
Yes, state pension is considered unearned income for tax purposes. It is subject to federal income tax, but may not be subject to Social Security and Medicare taxes. State tax laws may vary on how state pension income is treated for tax purposes.
If a insurance company pays for Temporary disability are they liable to pay for long term disability?
Insurance companies are notrmally very specific about what they will and will not cover, the policy may only cover short term temporary disability - this does not mean the insurer has any obligations for longer term payouts, you need to read the policy carefully and if still unsure then ruing the insurere or broker that sold you the insurance
What about a pension plan if you no longer work their?
You may want to diversify your pension, rather than leave it in just one place. That company that your work for may be great right now, but what if it were to go into decline in later years after your retire.
You have annuity and a CD can you still get ssdi?
This is a tricky situation, if you take an income stream from your annuity it may put you over the income limits to receive disability income. You should convert the CD in a Single Premium Whole Life product, they won't count it as a liquid asset although it liquid to you.
How does one stop an attempted seizeure of one's VA disability pension and Social Security funds if a creditor has won a lawsuit for the money still owed to them?
I have a non-service connected compensated pension. If this is what you have you are fine. That income is completely protected and cannot be seized in a judgement. Your social security may still be in jeopardy however I am not well versed in it
Bethlehem Steel-where is your life insurance through now?
if an employee was on a disability pension from bethlehem steel is the life insurance policy still active.
Can you draw disability and still work?
can you draw disability and still work Type your answer here...
If you are still on WSIB and going to college after six years but your six year line is coming up should you continue going to college or just get your benefits and continue being disabled?
It depends on what you want to do and what limitations you have because of your disability. Do you want to graduate from college with a degree in a field that you can work in dispite whatever disability you have or do you want to forego the challenges of working and collect disability? It's something only you can decide, but it seems to me like collecting disability would be a pretty boring life unless you have a lot of hobbies or something you like to do to keep you busy. I do have one question, though: If you have a choice of going to college or continuing to be disabled, what kind of disability could you possibly have that would allow you the choice to "continue to be disabled?" To be honest, it sounds kind of fishy to me. Deb
Is the sentence -are you still going to continue your studies on June correct?
Unless you are studying the subect of June, it should say "Are you still going to continue your studies in June?"
Do you receive social security if you receive a pension for retirement in the military?
Absolutely! Congratulations, you old double dipper.
If you take your pension at age 55 and still work is there a penalty?
Although you can retire at any age, you can only get your State Pension when you reach State Pension age. The earliest you can receive a company or personal pension is 55 - but this depends on your pension scheme rules. If you're retiring because of ill-health you may be able to take your benefits before this age. If you have serious ill-health and your life expectancy is less than a year then you can retire at any age. You can take up to 100 per cent of your pension fund as a tax-free lump sum. If you're married or have a civil partner, up to 50 per cent of the pension fund may be retained by the scheme. This will be used to provide for a survivor's pension.
Will you still get your war pension after you have your hip replaced?
yes
Widow now can you still receive his disability check?
Unless death is regarded a disability NO
Should my 63 year old husband coninue to carry disability insurance?
Does he still work? Is there an economic loss if he becomes disabled?
Can you get sued for breaking a lease if your getting disability payments?
Yes, you can still be sued even if you are on disability.
Is it hard to get disability insurance if your disability isn't serious?
This depends on what you mean by not "serious". A disability is a disability. Check the disability laws for the state you reside in to find out what the requirements are in order for one to collect disability insurance. If your disability prevents you from working or performing normally, then it is still serious.
