I
ibjorsvik
Guest
- Jurisdiction
- Florida
I have a question about disability, specifically how it is calculated. I realize that you have to meet the basic requirements (working 5 of the last 10 years), get accepted as having a disability (which the SSDI have done), but I do not fully understand the formula for this. I understand that you have to get the average salary (add up the salary and divide by the number of years but this is where I have the issue) and place that in computation formula
Basic formula:
(a) 90 percent of the first $826 of his/her average indexed monthly earnings, plus
(b) 32 percent of the average indexed monthly earnings over $826 and through $4,980, plus
(c) 15 percent of his/her average indexed monthly earnings over $4,980.
My issue with the number of years that is used for the calculation. Is it number of years I worked (I did not work any in 2007-2010) because of my disability, the day I had my first job (when I was 15 but I do not have a "real" job until I was 25), does the years I went to college count in this time. All fake wages but for example purposes;
2015 = $100,000
2014 = $100,000
2013 = $100,000
2012 = $100,000
2011 = $100,000
2010 = $0 – hospital and surgery
2009 = $0 – hospital and surgery
2008 = $0 – hospital and surgery
2007 = $0 – hospital and surgery
2006 = $20,000
2005 = $20,000
2004 = $0 - university
2003 = $0 - university
2002 = $0 - university
2001 = $20,000
2000 = $13,000
1999 = $3,000
1998 = $4,000
So, the averages are as follows:
A) Full average : $32,333 (add all years and divide by 18)
B) Last 10 year average: $52,000 (added the last 10 years and divided by 10 years)
C) Working average: 47,272 (added up the years where I made income and divided by those 11 years)
Which way is the correct way for federal disability?
Basic formula:
(a) 90 percent of the first $826 of his/her average indexed monthly earnings, plus
(b) 32 percent of the average indexed monthly earnings over $826 and through $4,980, plus
(c) 15 percent of his/her average indexed monthly earnings over $4,980.
My issue with the number of years that is used for the calculation. Is it number of years I worked (I did not work any in 2007-2010) because of my disability, the day I had my first job (when I was 15 but I do not have a "real" job until I was 25), does the years I went to college count in this time. All fake wages but for example purposes;
2015 = $100,000
2014 = $100,000
2013 = $100,000
2012 = $100,000
2011 = $100,000
2010 = $0 – hospital and surgery
2009 = $0 – hospital and surgery
2008 = $0 – hospital and surgery
2007 = $0 – hospital and surgery
2006 = $20,000
2005 = $20,000
2004 = $0 - university
2003 = $0 - university
2002 = $0 - university
2001 = $20,000
2000 = $13,000
1999 = $3,000
1998 = $4,000
So, the averages are as follows:
A) Full average : $32,333 (add all years and divide by 18)
B) Last 10 year average: $52,000 (added the last 10 years and divided by 10 years)
C) Working average: 47,272 (added up the years where I made income and divided by those 11 years)
Which way is the correct way for federal disability?
