A community of 30,000 US Transcriptionist serving Medical Transcription Industry

Mandatory Retirement? - oldiebutgoodie

Posted: Apr 02, 2015

Is there a mandatory retirement age for employees and/or ICs working remotely in HIM? If so, is it federal, or does it differ by state? Need input on this with particular regard to Ohio and Florida, please. Thanks so much.

Retirement - Dotts

[ In Reply To ..]
Am in Illinois - retired almost two years ago from a hospital. Got bored and am working PT for a national transcription company from home. As far as I know, there is no mandatory retirement for us. We type til we drop! I know with my SS, pension and annuity, I can still make up to $10,000 yearly without paying taxes.

Dotts, please clarify, sounds like you took early - retirement because otherwise

[ In Reply To ..]
There is no cap on what you are allowed to make per year. People who see your post might think that is all you can make with SS but is not. I worked until full age retirement and can make as much as I want, no penalty.

Retirement - Dotts

[ In Reply To ..]
The SS office and my accountant told me I could make like up to $10,000 or $12,000 additionally each year (don't remember which) above and beyond my SS payments and NOT pay taxes on it. I know I can make more with again taking a FT job BUT I would have to pay taxes on it above that amount.

Now am understanding, you just do not want the - paying tax part, not you can only make

[ In Reply To ..]
$10,000 a year. If a person takes early retirement know they can only make a sat amount before having to pay back. I do pay taxes on my income, work part time, have SS and pension also. Oh, forgot hubby pays the taxes on mine but not can only make a certain amount each year.

Mandatory retirement is generally unlawful in the US. - Why ask this?

[ In Reply To ..]
Why do you ask this? Mandatory retirement ages are generally unlawful in the US, regardless of state. They are a violation of the Age Discrimination in Employment Act of 1967.

They are only legal in certain occupations like the military, FBI, air traffic controllers, etc.

There is a full explanation on Wikipedia. Why not try looking there?

Mandatory retirement ? SM - Old Anon

[ In Reply To ..]
I searched and found the link below. Is an employer trying to tell you otherwise? If a MTSO is trying to tell you you are too old to be hired, they are clearly in violation of the law. As far as an IC contract, not unless there is an age limit written into it (which I doubt there would be).

Age limits written into IC contract - Nick

[ In Reply To ..]
If any MTSO tries to write an age limit into an IC contract, the applicant should contact the Labor Board, the Equal Opportunity office, and possibly her or his private counsel.

paranoid oldie - but goodie

[ In Reply To ..]
Thanks so much to all of you for the info. There have been other posts elsewhere on this board about some MTSOs in a bind because they have to provide benefits to employees, but can't get an insurer unless a certain percentage of employees want the medical coverage. I think someone might have posted that they were let go for that reason, that they didn't need the company's health insurance coverage (can't remember exact details, but something to that effect), which didn't sound very feasible. So, if someone didn't need coverage because they might already be on Medicare...it was suggested to me that maybe mandatory retirement could also be used as a reason for being laid off. Hence, the paranoia behind the original question.

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