Do pensions affect Social Security benefits?

A. No. Generally speaking, a corporate pension or any other form of retirement income — interest from an investment account, for instance — won't affect Social Security benefits. The amount you get is determined by your income history, not by other retirement money you may have coming in.
A.

Can you get VA benefits and Social Security?

An award of VA disability benefits, also known as service-connected disability compensation, is not based on income, so you can receive VA disability compensation and Social Security disability insurance (SSDI) at the same time. It is also possible to receive SSI and VA pension at the same time.
  • Do disabled veterans qualify for Social Security?

    Although disabled veterans can receive VA and SSDI benefits at the same time, different agencies or administrations still pay these benefits. These separate qualification processes mean some veterans can get VA disability but won't qualify for Social Security Disability Insurance (SSDI).
  • Can they take away my VA disability?

    Basically, if you have had a VA service-connected disability rating for 5 years or more, the VA must prove your condition has improved on a sustained basis before they can reduce or terminate your disability rating. After 10 years, the VA can only reduce your rating; they cannot terminate it (absent proof of fraud).
  • What does it mean to be 100% disabled by the VA?

    One is when a veteran's service-connected disabilities combine to 100 percent. If a veteran reaches 100 percent this way, he can work full-time. Another type of 100 percent rating is known as TDIU or IU, which stands for total disability/individual unemployability.
B.

Do veterans receive Social Security?

In addition to Social Security disability benefits, veterans who are at least 10 percent disabled as a result of military service can receive disability compensation from the Department of Veterans Affairs ( VA ). Disability pensions are also available to wartime veterans with limited income.
  • Can I receive Social Security retirement and VA disability?

    An award of VA disability benefits, also known as service-connected disability compensation, is not based on income, so you can receive VA disability compensation and Social Security disability insurance (SSDI) at the same time. It is also possible to receive SSI and VA pension at the same time.
  • What month does Social Security recalculate benefits?

    The Social Security Administration is committed to recalculating your earnings and benefits each year after receiving your tax returns. However, it may take a long time for the agency to receive the returns. For example, in 2014, SSA is receiving returns from the 2012 tax year.
  • Are veterans eligible for Social Security?

    In addition to Social Security disability benefits, veterans who are at least 10 percent disabled as a result of military service can receive disability compensation from the Department of Veterans Affairs ( VA ). Disability pensions are also available to wartime veterans with limited income.
C.

Is Social Security offset by military retirement?

Generally, there is no reduction of Social Security benefits because of your military retirement benefits. You'll get your full Social Security benefit based on your earnings. While you're in military service, you pay Social Security taxes, just as civilian employees do.
  • Can I collect military retirement VA disability and Social Security?

    Eligible veterans who receive military retirement pay and VA disability compensation may further supplement their income with Social Security disability benefits. SSDI benefits for veterans are not reduced, no matter how much they receive from VA disability payments and military retirement.
  • Do you pay Medicare tax on military retirement pay?

    Generally payment you receive as a member of the military is taxed as wages. You must report this information on your tax return. The good news is that though subject to federal income tax, military retirement pay is not subject to FICA deductions – the payroll tax used to fund Social Security and Medicare.
  • Do federal employees pay into the Social Security system?

    Employees under the Civil Service Retirement System, which generally covers employees first hired before 1984, pay 7 percent of their salary into the federal retirement fund. They don't pay Social Security payroll taxes, nor do they earn a Social Security benefit through their federal service.

Updated: 29th September 2018

Rate This Answer

3 / 5 based on 3 votes.