I was a little older (late 50's) I documented my knees with an orthopedic dr's diagnosis. I got my SSDI first try. They also went back like 15 months and put a lump back pay sum into my account. The amount of $$ I get is equal to the max payout at age 70, or whatever the max is. It's worth the effort.
Let me add that I already have other streams of income and have been since I was retired out in 2012. So this is just like a 'bonus.' on free money, literally. No pension contribution, and the only thing coming out of my check were union dues? Best money-or lack thereof-ever spent.I spoke to a lady from the 800 number this AM about 9:30. As I'm decent with math and time, here's what I was told.
-As others have said, we would receive our packets next week. The deadline to have them back in/decided is November 12.
-Interest rates unconsidered,- I hesitate to say 'we' in the collective as YMMV-but what I was told about my case is:
-If I chose the monthly stipend, being 225 + or -, the first stipend check would arrive in December. THERE WOULD BE NO WAITING UNTIL 55/65/ whatever. I retired out after 5 years with med disability at the age of 41 in 2012. It would be a 2-month check, December's payment and January's. Continue ad infinitium.
-If I chose the lump sum, here's how I was told(I can NOT make this up)it would go.
-What I was told is that the Company would take the monthly sum, use the annual multiplier(basically 2800/year), times the IRS' actuarial tables allowed for a buyout.
Some have said the age is 81. IDK if it's 81,75,70. Doesn't matter.
2800 times bare mnimum 16 years(my early retirement was at 62)-43K and change.
2800 times 35 maximum-per IRS age 81-80K plus.
My jaw dropped. It would have been a good day but DW had to go to the ER. I know better than to call my bank and arrange to pay the house off, though. Never believe anything until you see it in writing. But it sounded like a good day.
<<<How is it "my"information?"
UPS contacted me and told me to update my information with this third party servicer.
I spoke to a lady from the 800 number this AM about 9:30. As I'm decent with math and time, here's what I was told.
-As others have said, we would receive our packets next week. The deadline to have them back in/decided is November 12.
-Interest rates unconsidered,- I hesitate to say 'we' in the collective as YMMV-but what I was told about my case is:
-If I chose the monthly stipend, being 225 + or -, the first stipend check would arrive in December. THERE WOULD BE NO WAITING UNTIL 55/65/ whatever. I retired out after 5 years with med disability at the age of 41 in 2012. It would be a 2-month check, December's payment and January's. Continue ad infinitium.
-If I chose the lump sum, here's how I was told(I can NOT make this up)it would go.
-What I was told is that the Company would take the monthly sum, use the annual multiplier(basically 2800/year), times the IRS' actuarial tables allowed for a buyout.
Some have said the age is 81. IDK if it's 81,75,70. Doesn't matter.
2800 times bare mnimum 16 years(my early retirement was at 62)-43K and change.
2800 times 35 maximum-per IRS age 81-80K plus.
My jaw dropped. It would have been a good day but DW had to go to the ER. I know better than to call my bank and arrange to pay the house off, though. Never believe anything until you see it in writing. But it sounded like a good day.
If I calculated it right, you should get about $5.
