RSDI is a federally funded program managed by the Social Security Administration (SSA). This program is for people who do not, or cannot work anymore, and their spouse and dependents. RSDI is an acronym for Retirement, Survivors, and Disability Insurance. To be eligible for RSDI payments, you or the person you are receiving payments through must have worked a minimum number of years and paid FICA (Federal Insurance Contribution Act) taxes during these years. Typically, the requirement is to have worked at least ten years, but this can change on a case-by-case basis.
There are three primary components of RSDI insurance.


Retirement benefits are set aside for those who have worked the required number of years, paid into FICA, and have reached the designated retirement age. Technically, a person can retire at the age of 62, but their social security payments will be issued at a reduced rate. Currently, that reduced rate is 80 percent of the full retirement rate, but for those born after 1960, the reduced rate will decrease to 70 percent.
For example, if your full retirement rate is $1,000 a month and you retire at 62 years old, you will only receive $800 per month. If you are born after 1960 and chose to retire at the age of 62 years old, you will only receive $700 per month.
Currently, the full retirement age is 66 years and 2 months, but this number will gradually increase in the upcoming years. Those born after 1960 can’t request full retirement benefits until the age of 67.
The amount of your social security payment is based on your lifetime earnings. Social security will use the 35 highest earning years to calculate what your monthly payments are. Every five years, social security mails out a statement to give you an idea of how much you can expect to receive when you retire.


Survivors Benefits are for family members, typically spouses and minor children, of a person receiving or entitled to Social Security Disability or Social Security Retirement. The Social Security benefactor must meet previous work and FICA requirements to be eligible, and monthly payments are based on the benefactor’s lifetime earnings.
If the Social Security benefactor is deceased, any minor child under the age of 18, or under 19 and still in high school; widow or widower with a dependent under the age of 16 years old; or a widow or widower over the age of 60 years old may be eligible for Survivor’s benefits. In some cases, even grandchildren, adult disabled children, step-children, and dependent parents can be eligible for Survivor benefits. Dependents also can be eligible for Survivor benefits if the benefactor is on Social Security Disability and no longer able to work.


Social Security Disability, or SSD as it is often referred to, is for people who do not meet the age requirement for Retirement Benefits but are unable to work. You must be able to prove to the Social Security Administration(SSA) that your medical condition is so severe that you are no longer able to work or that your illness is terminal. This type of benefit requires medical documentation from an authorized physician and other relevant evidence to prove the extent of your illness or injury. You still must meet the previous work requirement and make FICA contributions to be eligible for SSD. In most cases, monthly payments are similar to what you would have received at the full retirement age.
Wondering if you qualify for SSD or SSI benefits? Contact the Good Law Group for a complimentary case evaluation. Call #(847) 577-4476 or complete our form for a complimentary case evaluation.