Add Comment Question: Can I collect cpp at 60 and not be penalized if I'm collecting long term disability? Answer: It depends on your specific LTD policy. It may contain a provision that allows the insurer to get credit for pension payments. If that is the case, then your CPP will likely reduce your LTD amount. Your Comment * Your Email * Your Name * Your City Note, your name, city and email is not displayed on the website. It is used to notify you that we have approved your comment.