You Need to Consider the Effects of Receiving Social Security or Pension Retirement Benefits on Workers’ Compensation

Under the changes to the Workers’ Compensation Act in 1996, the receipt of Social Security Retirement and Company sponsored retirement benefits affected the amount of continuing workers’ compensation benefits for the first time. Now when you start receiving those types of benefits your workers’ compensation benefits are reduced by fifty (50%) percent of the amount you receive from social security or your company pension. This does not mean that you should not accept those benefits because you will still receive more than if you did not get them. However, you should be aware of this effect on your future income.