Does anyone know how SSDI and Workers Comp Settlement Work In Mo
? I was told that once you settle with workers Comp, that you have to make sure that your lawyers put in writing that the settlement is for loss of wages, lets say i settle for $286,000 after all expenses are paid, That will Equal to a Weekly Rate of 250 a week for 22 years, Based on "life Expectancy" Or Retirement age, That Social Security wouldn't Keep my money since it it written as a loss of wage settlement and not just a plain Lump Sum,
Currently i am allowed to Keep my Social Security Check and about and additional $1,400 i get from workers comp, as long as i don't go over my 80% of my Actual Current Earning's Before Taxes, They will not take any money out of my SSDI check, So lets say i earned on the average a monthly Salary of $3,776.00 a Month what i get from SSDI and Workers Comp cant Exceed the Monthly amount of $3,020.00 Which is 80% of the $3,776.00 This is my understanding so far of how the settlement will affect me, and my SSDI Check. Does anyone know if this is true? or if it works any Different ?