If you apply for unemployment and receive money, does that usually come out of your Social Security?

Question

Does it reduce the amount of money you get when you reach 65 to collect Social Security??

Answer 1

As others have said, Unemployment is not related to Social Security. Asking if anything "comes out of your Social Security" seams to indicate you are under the common misconception that you have a social security account. The social security taxes you pay are used to pay benefits to current recipients and most people receive more than they 'pay in'. The so called 'trust fund' is a collection of IOUs from the federal government.

Answer 2

No, unemployment is totally separate from social security. But if, over the years, you collected unemployment a number of times and didn't have earnings from a job during those times that you paid into social security for, that could end up reducing your ss benefits, not because you collected the unemployment, but because you had less earnings under social security.

Answer 3

Unemployment taxes are paid by your employer, usually on a quarterly basis. These are the funds used to pay your unemployment. Collecting unemployment does not come out of your Social Security.

Answer 4

No. Unemployement is finded separately by unemployemnt taxes paid by your employers during your tenure. Social security taxes are a different bucket altogether

Answer 5

No....unemployment comes from your previous employer, he or she has to pay unemployment to the state so that people who need it can get it.

Answer 6

Flower's answer is erroneous. you may obtain unemployment advantages in spite of in case you assemble incapacity advantages. between the standards for unemployment is you have to be available to artwork. in case you may answer that question "specific" then there is not any reason you may't assemble the unemployment earnings. there is not any requirement to checklist receipt of incapacity advantages to unemployment; if there exchange into you may have been stated of that certainty. while a individual archives for Social risk-free practices incapacity advantages they're required to checklist any artwork activity. So if unemployment exhibits a job for you and you artwork only verify to checklist it on your Social risk-free practices claims rep. even verify to checklist if artwork ends. if your declare for incapacity is authorized you may assemble unemployment in case you're available for artwork. lots of folk get Social risk-free practices incapacity advantages who additionally artwork. only submit to in thoughts you ought to consistently checklist ANY artwork activity in spite of if it relatively is basically for some days. Social risk-free practices incapacity would not require which you checklist the receipt of unemployment advantages. in case you record for SSI then all earnings ought to be stated - regardless of the source.

Answer 7

NO!!! Unemployment payments are a separate fund.