Alert
Close

Top the Treasure Hunt leaderboard by 5 p.m. Friday to win a $100 gift card! Learn more

Highlights

Close

Work
PROGRAMS

Best Employers for Workers Over 50

See the latest winners of this AARP recognition program.

Employer Resource Center

Attract and retain top talent in a changing workforce.

Most Popular
ARTICLES

Viewed

AARP's Social Security Q&A Tool

I received severance pay when my company closed down. How does this affect the Social Security benefit I am collecting?

En español | It should not affect the benefit. Get a statement from your former employer verifying that the severance pay is a "special payment" and not part of your regular income.

That way, it will not count toward the earnings cap, $15,120 for 2013. If you exceed that cap and have not yet reached full retirement age, you could lose some or all of your benefit.

Was this helpful to you?

Thank you - your feedback has been sent.

submit a question to
AARP Experts

Didn’t see the answer to your question? Help us improve the tool by submitting your Social Security question. Go

more about
Social Security

Jobs You Might Like

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

UPS

Members get 15% off eligible products/services and 5% off shipping at The UPS Store®.

AARP Discounts on Consumer Cellular Phones and Plans

Members save 5% on monthly service and usage charges with Consumer Cellular.

Member Benefits

Renew today! Members receive exclusive member benefits & affect social change.

Explore Your Learning Possiblities