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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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#help.tut Extra help for tutorials
#define.stb On line glossary- definitions of legal terms
/* We now continue with Social Security Basics */
Work Credit For Retirement Benefits
The following table shows how much work credit is needed to be
eligible for retirement benefits. The people at any Social
Security office will be glad to give you more details.
Work Credit For Retirement
Benefits
*********************************
If you reach Years you
62 in need
1981 7 1/2
1982 7 3/4
1984 8 1/4
1985 8 1/2
1987 9
1991 or later 10
************************************
Work Credits For Survivors And Disability Benefits
The following tables show how much work credit is needed for
Survivors or Disability benefits. The amount of credit needed
varies by age and when you become disabled. The people at any
Social Security office can give you more information.
If you are disabled by blindness, you do not have to meet the
requirements of recent work. But you do need credit for
one-quarter year of work for each year since 1950 (or the year
you reached 21 if later),up to the year you became blind. A
minimum of one and one-half years of credit is needed.
Under a special rule, cash payments can be made to a worker's
children and their mother or father provided he or she worked
under Social Security one and one-half years in the three years
before death.
Work Credit For Survivors And
Disability Benefits
*******************************
Born after 1929, die Years
or become disabled you
at age need
**************** *******
28 or younger 1 1/2
30 2
32 2 1/2
34 3
36 3 1/2
Born after 1929, die Years
or become disabled you
at age need
*********** ******
38 4
40 4 1/2
42 5
44 5 1/2
46 6
48 6 1/2
50 7
52 7 1/2
Born after 1929,die Years
or become disabled you
at age need
************** *******
54 8
56 8 1/2
58 9
60 9 1/2
62 or older 10
Work Credit For Survivors And
Disability Benefits
*******************************
Born before 1930, die Years
or become disabled you
before 62 in year need
1981 7 1/2
1983 8
1985 8 1/2
1987 9
1989 9 1/2
1991 or later 10
Special Work Credit Rules
Although almost all jobs in the United States are covered by
Social Security, there are special rules which apply to some.
You should check with a Social Security office about these
special rules if you work in or about someone's home doing
housecleaning, gardening, or babysitting; if you are a student
and also employed by the school or college; if you own, operate
or work on a farm; if you are a member of a religious order;
if you have a job where you get cash tips or if you are an
employee in an international organization. Special rules also
apply to people who work or are self-employed outside the United
States.
As of Jan. 1, 1984, coverage has been extended to all employees
of nonprofit organizations and to new Federal Government
employees. Terminations of Social Security coverage for employees
of State and local governments is prohibited.
Leaflets containing information of special interest to
self-employed people, farmers, farm landlords, people who receive
cash tips and others are available free at any Social Security
office.
Work Credits Required For
Medicare Benefits
You will be entitled to Medicare hospital insurance at age 65 if
you have worked long enough under Social Security, the railroad
retirement system, or Federal employment, or you are entitled to
Social Security or railroad retirement benefits. For more
information contact any Social Security office.
No earnings credits are needed for the medical insurance part of
Medicare. To get medical insurance protection, you must enroll
for it and pay a monthly premium.
***********************
WHAT ARE BENEFITS WORTH
***********************
Amount Of Monthly Checks
In figuring benefits for workers who reach 62, become disabled or
die after 1978, actual earnings for the past years are adjusted
to take account of changes in average wages since 1951. These
adjusted earnings are averaged together and a formula is applied
to the average to obtain the benefit rate.
This method is intended to insure that benefits will reflect
changes in wage levels over your working lifetime. This is
important because average wages in our economy can change greatly
over a 30 or 40 year period.
Following are examples of benefits that can be paid:
- If you reach 65 in 1985, your retirement benefit can be as much
as $717.
- If you reach 62 in 1985, your monthly retirement benefit can
be as much as $591.
- If you become disabled in 1985, the monthly benefit to you as a
disabled worker can be as much as $909, depending on your age and
past earnings. If you have eligible dependents, the total monthly
family benefit payable can be up to $1,363.
- Survivors of a worker who dies in 1985 can expect to receive up
to $1,633 a month for a family of three or more.
There is no fixed minimum benefit amount for workers who reach
62, become disabled, or die after 1981. The benefit rate for
these workers and their dependents and survivors will be based
entirely on the worker's earnings covered by Social Security.
There is one exception: Members of religious orders who have
taken a vow of poverty will continue to qualify for a fixed
minimum benefit if they first become eligible for benefits
before 1992.
Retired and disabled workers who become eligible after 1985 for
a pension based in whole or in part on work not covered by Social
Security will have any Social Security benefit which they have
earned figured under a different formula. This will result in a
lower Social Security benefit to take account of the years of
work outside of covered employment. This will apply to people who
reach 62 or become disabled after 1985. This will not generally
apply to Federal Government and nonprofit organizational
employees who are mandatorily covered in 1984.
Social Security benefits for people on the rolls will increase
automatically each January as the cost of living rises. Each year
living costs will be compared with those of the year before. If
living costs have increased 3 percent or more, benefits will be
increased by the same amount.
Starting with the increase payable in January 1985, if the
balance of the Social Security trust funds is below 15 percent
(20 percent beginning with the January 1990 increase) of the
total amount required to pay benefits for the year, the annual
increase will be based on the increases in average wages if
lower than the increase in the cost of living.
If you qualify for checks on the record of more than one worker
(for example on your own work and your spouse's), you'll get an
amount equal to the larger of the two amounts.
If in addition to your Social Security benefit as a wife,
husband, widow, or widower, you receive a pension based on your
work in Federal, State, or local government not covered by Social
Security, your benefit as a dependent or survivor may be reduced.
For more information, ask for a copy of the leaflet, "Government
Pension Offset - How It May Affect You" at any Social Security