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Lane
Lane, JD,CFP, MBA, CRPS
Category: Social Security
Satisfied Customers: 10173
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial, Social Security & Tax advice since 1986
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I'm trying to find out if I can collect unemployment if I

Customer Question

I'm trying to find out if I can collect unemployment if I receive social security
JA: Have you documented this or discussed it with HR?
Customer: no
JA: Is the employment agreement "at will," union, full time or part time?
Customer: I work full time
JA: Anything else you want the lawyer to know before I connect you?
Customer: I'm 70 years old and want to stop working
Submitted: 1 month ago.
Category: Social Security
Expert:  Lane replied 1 month ago.

Hi. My name's Lane ... I can help here

...

I have a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA, specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986.

Please bear with me for a moment, while I pull up the regs and prepare your response.

Expert:  Lane replied 1 month ago.

Although SSA doesn't count unemployment insurance benefits as earnings, your unemployment benefit may be reduced if you receive benefits from Social Security at the same time.

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Social Security has no problem with you receiving income from both sources. However, the guidelines for reducing unemployment benefits vary by state.

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Can you give me your state?

Expert:  Lane replied 1 month ago.

While I'm waiting, most states allow you to collect full Social Security and unemployment benefits simultaneously.

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Only a few states still have an offset rule in place, which reduces unemployment compensation by 50 percent of your Social Security benefits.

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Severla years ago, (before most states repealed the offset law), some required a 100 percent offset, which meant that you received no unemployment benefits if you received income from Social Security.

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But again, in recent years, the laws in most states have changed allowing retired workers to receive the full retirement and full unemployment insurance benefits to which they are entitled.

Expert:  Lane replied 1 month ago.

Please let me know if you have any questions at all, before you rate me

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If this has helped, and you DON’T have other questions … I'd appreciate a positive rating (using the stars or faces on your screen, and then clicking “submit").

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Thanks!

Lane

Customer: replied 1 month ago.
I live in New Jersey
Expert:  Lane replied 1 month ago.

In the State of New Jersey, your unemployment payments will not be reduced if you receive Social Security benefits.

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Although NJ looks at some PENSIONS as offsetting incomce, they do not consider Social Security at all ... and as I mentioned above Social Security RETIREMENT can not be affected by unemployment in ANY state.

Expert:  Lane replied 1 month ago.

Sorry for the late answer. I didn't realize you had come back.

...

Please let me know if you have any questions at all, before you rate me

...

If this has helped, and you DON’T have other questions … I'd appreciate a positive rating (using the stars or faces on your screen, and then clicking “submit").

...

Thanks!

Lane

I have a law degree, with concentration in Tax Law, Estate law & Corporate law, an MBA, specialization in financial accounting & tax, a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986

Expert:  Lane replied 1 month ago.

Hi,
...
I’m just checking back in to see how things are going.
...
Did my answer help?

If this HAS helped, and you DON’T have other questions … I'd appreciate a positive rating (using the stars or faces on your screen, and then clicking “submit")
...
But again, let me know if you need more on this.
Lane