Can people who are on SS Disability for Life Get a Pension?

Question

I am asking this for someone else, hoping your answers will help him. If you have links or insight it would be appreciated

He said he was fully vested in a company pension plan for a company he worked 20 years for before having to collect disability for an injury.

When he left there, they told him he had too many years to take a lump sum of money. He got a letter back then that said when he retires, he would get x*x per month as his pension. Do you think he would be entitled to it being that he will probably be on SS Disabillity for thr rest of his life?

Answer 1

It is extremely important that "he" retain all documentation relative to his contribution to the pension (pay stubs, quarterly statements, bank statements or other documents employer provided.) and that letter stating how much "he" would receive.

Social Security (ssa.gov) has info on their web site outlining how much income a disable person can make, also other info.

Also check the Pension Benefit Guarantee Fund http://www.pbgc.gov/ site to see if "his" name or the company is listed as holding pensions existing or unclaimed by current or former employees.

Call an accountant and an attorney or a financial planner who specializes in disability and pension issues as to how to handle the problem as "he" may have tax or other issues to consider prior to claiming and allocating pensions acquired over such a long period.

Time is critical. Don't waste it.