Workers0 compensation benefits are paid to a worker who has a job-related injury or illness. These benefits may be paid by federal or state workers0 compensation agencies, employers or by insurance companies on behalf of employers.
Disability payments from private sources, such as private pension or insurance benefits, do not affect one0s social security disability benefits.
But workers0 compensation and other public disability benefits may reduce your social security benefits. Other public disability payments that may affect your Social Security benefit are those paid by a federal, state or local government and are for disabling medical conditions that are not job-related.
Some of these are civil service disability benefits, military disability benefits, state temporary disability benefits and state or local government retirement benefits that are all based on disability.
Some public benefits do not affect or reduce your social security disability benefits.
They are:
0 Veterans Administration benefits
0 State and local government benefits, if Social Security taxes were deducted from your earnings
0 Supplemental Security Income (SSI)
On the other hand, injured workers are also entitled to certain benefits under the workers0 compensation law. Here are the types of workers disability compensation:
0 Temporary Total Disability - This benefit is payable when the injured worker is unable to work during a period […]
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At the time of writing this article the Markets are showing great signs of nervousness and probably should be on Prozac.The problem is that the Markets are uncertain as to the future and therefore have bouts of pessimism followed by optimism followed by pessimism again. Consequently, we see big swings in daily prices of securities. We know that the main instigation for this has been the “credit crunch”, which is a result of a lot of poor lending decisions and too much credit being made available to people who ultimately can’t afford to make the repayments.This has been particularly the case in the USA but the contagion has spread. I do not wish to belittle the importance of the lack of credit being available as we have seen the upset, uncertainty and fear that can be caused as the Northern Rock was a direct casualty of this.That said, the Stock Market continually goes through cycles of good times and bad times. However, the thing to remember is that unless capitalism is completely broken it will recover.We have seen this on numerous occasions from the period around the First World War, the Great Depression in the late 20s to early 30s, […]
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Any type of investing is somewhat of a gamble. Unless you are doing strict savings in a savings account (secured with insurance by the federal government up to $100,000 per individual for each institution), or you are buying secured savings bonds that you hold to full maturity, you are not guaranteed that your original principal (the amount of money you originally invested) is going to be protected.
That said, those types of investments usually produce a much lower return than do investments such as those you do in the stock market. Yes, of course, your principal is still somewhat at risk, and you can lose money. However, the key to making money with riskier investments such as the stock market is to diversify your investments. That way, you are almost certain to have some investments that will do well when others are not doing as well. In addition, you should also expect to diversify your portfolio among different types of investments. For example, your investment portfolio should generally be a mix of different kinds of investments, such as stocks, bonds, and short-term assets like CDs or money market funds.
If your employer offers a 401(k) and you take advantage of it, then […]
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