BOND will gradually reduce a participant's Social Security Disability Insurance (SSDI) benefits—$1 for each additional $2 earned above a specific dollar amount. This reduction will replace what some refer to as the “cash cliff” or the total loss of benefits if earnings exceed the specified amount.
Under current Social Security Disability program rules, people earning more than $1,180 per month (after their Trial Work Period) generally have their benefits stopped. For beneficiaries who are blind, the threshold is $1,970 per month (after the TWP). Under the BOND project, an annual test is used. Benefits will be reduced $1 for every $2 in earnings above $14,160 per year, rather than stopped (or above $23,640 for beneficiaries who are blind).
We work with beneficiaries in BOND to determine how this program can be useful for them. BOND staff members are available to help you check whether you are in BOND and then learn more. You can contact us today. Call toll-free: