Disability Benefit

The amount of your monthly disability benefit is based on your average lifetime earnings. The Social Security Statement that you receive each year displays your lifetime earnings and provides an estimate of your disability benefit.

Earning disability benefits

The earnings limitation may be restated in another way — if the individual’s monthly earnings exceed his or her monthly disability benefit, the individual’s disability benefit is reduced by such excess. For example, if an individual’s disability benefit were $200 per month and the earnings were $250, the disability benefit for the month would be reduced to $150. The general disability benefit is meant to ensure a minimum income to those whose ability to earn a living has been reduced by 50% or more, or who cannot work because of a physical, mental, or cognitive disability. The work injury benefit is provided to those who are recognized as having been disabled by a job-related injury, and is meant in part to replace lost earnings, and in part to compensate for the injury. The amount of the monthly disability benefit is based on the Social Security earnings record of the insured worker.

It helps!

If the Board of Trustees approves your application, the disability benefit is effective the first day of the month following your service termination, provided you otherwise qualify. Prior to approval of a disability benefit, members participating in the Combined Plan must agree to transfer both their employer contributions and their individual OPERS account to the Traditional Pension Plan for the payment of benefits. The amount of the monthly disability benefit is based on the Social Security earnings record of the insured worker. The catastrophic duty disability benefit is equal to 70% of your FAS. This benefit is subject to being offset by any Social Security disability and workers’ compensation time-loss and permanent disability payments.

This entry was posted on Monday, December 1st, 2008 at 11:36 pm and is filed under disability and Tagged disability aids, disability claim, disability employment, disability equipment, disability form, disability help guide, disability income disability insurance, disability jobs, disability lawyers, disability pension, disability programs, disability resources, disability retirement You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.