Alert
Close

Join us at AARP's 2015 Life@50+ National Event and Expo in sunny Miami.  Learn more

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, $15,480 for 2014. If you exceed that cap and have not yet reached full retirement age, you could lose some or all of your benefit.

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

Search Social Security Q&A Tool

Enter a keyword to get all the answers to your Social Security questions.

Discounts & Benefits

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

UPS Store membership discount aarp benefits

Members save 15% on eligible products/services, 5% on UPS shipping at The UPS Store®.

membership adt

Small business owners save 20% on new installation of any new ADT security system.

Mujer en la parte de afuera de so negocio

Free quotes for members from the AARP® Small Business Insurance Program.

Member Benefits

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