I am selling my house and the purchaser must meet coop board requirements financially. I am advised that this person is 50 years old and has three forms of income. One is a pension from being a corrections officer, the second income from a second job he works now, and social security is the third source of income.
How could this be at an age under 65...
2007-12-27 15:38:21 · 16 answers · asked by William H 2 in Business & Finance ➔ Personal Finance
If he is disabled, he can receive a form of social security called SSI, and still work a moderate amount. Some pensions reduce their amount if SS is collected, but others do not and pensions are not counted against SS.
2007-12-27 15:42:50 · answer #1 · answered by Mike1942f 7 · 0⤊ 0⤋
The two ways I know of to receive SS benefits at 50 years old are:
1.) If the person is a Federal Corrections officer and has 20 years in, he/she can receive a supplement until the age of 62 when social security kicks in. This is because of a mandatory retirement age of 57. This supplement is paid by the Federal Employee Retirement System.
2.) if the person is disabled.
2007-12-27 15:50:33 · answer #2 · answered by ROB 3 · 0⤊ 0⤋
May be care giver for a minor with a parent that has died. Could also be for disability, though he shouldn't be working if he's on disability. He might also be married to an older woman, lol. Make sure he explains the circumstances, since the income could be temporary, ie the child turns 19.
2007-12-27 15:42:55 · answer #3 · answered by Patrick S 3 · 0⤊ 0⤋
There are different types of SS income-Retirement, Survivor's, Disability & another which is at the tip of my tongue right now, but I can't think of it. Due to his age, it's safe to assume that he has some type of physical or mental disability & has been found permanently disabled by the SSA in order to receive this income.
2007-12-27 15:48:51 · answer #4 · answered by Emily & her mommy love Da Bears! 6 · 0⤊ 0⤋
If you are disabled you can receive Social Security benefits at any age. (If you are receiving Social Security because you are legally disabled, the law limits the number of hours you can work per week.) Millions of people receive Social Security because they are classified as being disabled.
2007-12-27 16:06:19 · answer #5 · answered by sdn90036 6 · 0⤊ 0⤋
He may qualify for Social Security Disability. Possibly from injury or mental disability from his correctional officer job??
2007-12-27 15:43:41 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I don't know how it is that he's getting SS now at his age. If he was disabled & unable to work, then he could collect. Since he's still employed, I have no idea. Call your local SS office & ask how that is possible.
2007-12-27 15:43:10 · answer #7 · answered by Shortstuff13 7 · 0⤊ 0⤋
The person is probably disabled.
2007-12-27 15:41:38 · answer #8 · answered by angieblossom 3 · 0⤊ 0⤋
WE ARE SAFE, AT 60, WHEN RETIRED. THE OLD AGE OFA LABOURER, IN PUBLIC SERVICE...., WHAT WILL HAPPEN TO THEM , NOT GETTING THE PENSION...?
2007-12-27 15:46:51 · answer #9 · answered by indrajeet d 5 · 0⤊ 0⤋
fill the forms for social security !!
2007-12-27 15:40:48 · answer #10 · answered by Anonymous · 0⤊ 1⤋