Legal Question in Social Security Law in Maryland
Unemployment & Social Secuity
I am presently on unemployment due to lack of work. I am 63 and can apply for Social Security. Will I still receive unemployment if I go on Social Security as long as a continue looking for full time employment? Would my unemployment amount be reduced?
Since I am not 65 is there a limit to the amount of money I can make a year?
Would the unemployment payments also be added into the amount I can make a year?
1 Answer from Attorneys
Re: Unemployment & Social Secuity
You can not receive unemployment benefits and Social Security retirement benefits at the same time. You might consider applying for retirement benefits as soon as the unemployment benefits run out, if you haven't found work by then. If you continue working, if will not reduce your retirement benefits, but of course the retirement benefits will be taxable income.