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What is a social security annuity?

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Anonymous

12y ago
Updated: 8/20/2019

Your state pension.

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Wiki User

12y ago

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What is social security annuity?

Your state pension.


Is annuity income counted against social security income limits?

A regular annuity which is not a 401K is counted against social security income limits.


What rhymes with purity?

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Are there any lawsuits against Security Benefit Secure Income Annuity?

There is a lawsuit involving Security Benefit, the issuing company of this annuity. See related link below.


How do you apply for Litton Industries retirement benefits?

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If a railroad worker had worked under Social Security before becoming a Railroad worker can they also receive Social Security benefits?

They can but that person's Railroad Retirement is going to be reduced. Here is a link to the Railroad Retirement Board's website that explains all the details about Railroad Retirement and Social Security Benefits. The tier I portion of a railroad retirement annuity is based on both railroad retirement and nonrailroad social security credits acquired by an employee and reflects what social security would pay if railroad work were covered by social security. Tier I benefits are, therefore, reduced by the amount of any actual social security benefit paid on the basis of nonrailroad employment, in order to prevent a duplication of benefits based on the same earnings. .


What is a FERS annuity?

A FERS annuity is a pension plan for federal employees, which stands for Federal Employees Retirement System. It provides retirement benefits based on years of service, average salary, and age at retirement. These benefits include a defined benefit, Thrift Savings Plan contributions, and Social Security benefits.


Which Political Party decided to start giving annuity payments to immigrants?

According to the social security website:Neither immigrants nor anyone else is able to collect Social Security benefits without someone paying Social Security payroll taxes into the system. The conditions under which Social Security benefits are payable, and to whom, can be found in the http://wiki.answers.com/../pubs/10024.html.The question confuses the Supplemental Security Income (SSI) program with Social Security. SSI is a federal welfare program and no contributions, from immigrants or citizens or anyone else, is required for eligibility. Under certain conditions, immigrants can qualify for SSI benefits. The SSI program was an initiative of the Nixon Administration and was signed into law by President Nixon on October 30, 1972.An explanation of the basics of Social Security, and the distinction between Social Security and SSI, can be found http://wiki.answers.com/../pubs/englist.html.


Does a payroll tax deduction apply to federal annuitants?

Check your annual OPM annuity statement -- there is no payroll tax. A payroll tax feeds the Ponzi scheme we commonly call Social Security. For the last few years the payroll tax was reduced by 2% but that just means Social Security will become broke even faster.


You have annuity and a CD can you still get ssdi?

This is a tricky situation, if you take an income stream from your annuity it may put you over the income limits to receive disability income. You should convert the CD in a Single Premium Whole Life product, they won't count it as a liquid asset although it liquid to you.


Who issues Social Security numbers?

The Social Security Administration issues Social Security numbers.


What is SSA in Social Security?

SSA, as used in "Social Security" is the abbreviation of the agency itself - Social Security Administration. http://encyclopedia.thefreedictionary.com/Social+Security+Administration