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Social Security
U.S. OASDI social insurance system funded by FICA payroll taxes and originally created by the Social Security Act of 1935
3,984 Questions
Why did Reagan barrow against Social Security?
No President has ever "borrowed" against Social Security. By law, the Social Security Trust Fund must be invested in Treasury bonds. The problem is that the Federal government has always included the balance in the Trust Fund when calculating the Federal budget deficit, debt, etc. Now that balance is decreasing rapidly.
HOW MUCH WILL I RECEIVE OF MY HUSBANDS S.S.CHECK WHEN HE DIES?
There are several variables. If you're of full retirement age or older, you should generally expect to receive 100 percent of your husband's basic benefit. Otherwise, there are a number of situations where you would get less and the situation determines the amount.
Can Va take percent of Social Sec funds?
No, the Department of Veterans Affairs (VA) cannot take a percentage of Social Security funds. Social Security benefits and VA benefits are separate and administered by different government agencies. VA benefits are based on military service and disabilities, while Social Security benefits are provided to individuals who have paid into the Social Security system through employment.
What does this term retiree mean?
A retiree is a person who simply is retired. A retiree is typically above sixty years of age and had spent much of their life working a hard job. Often working for a large company, the worker will receive retirement benefits for themselves and their spouse.
The Cost-of-Living Adjustment (COLA) for Social Security, based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of the last year, should have been 5.8% in January 2009. See the Social Security Administration COLA website: ssa.gov/news/cola/
Note 1: COLA never decreases your existing benefits, though there may be a ZERO increase. But COLA never reduces the amount you were getting in the previous year.
Note 2: State Medicaid services often reduces their benefits to offset the COLA increase. So if your SSD or SSDI check is raised by $2 then State Medicaid could decrease your food stamp benefits, or increase your medical co-pay.
If I am receiving ss disability do my step children and spouse also get a check?
Children of those who receive Social Security Disability Benefits may be entitled to a small monthly benefit amount. Benefits would be paid only if the claimant is considered SSDI or Title II. Those who receive benefits from SSI or Title XVI do not qualify.
What are some true statements about the Social Security cost-of-living adjustment?
Payment increases given to retirees under the Social Security program are known as Cost-Of-Living Adjustments or COLAs.
The following statements about COLAs are true.
Due to the high inflation experienced in the United States during the early 1970's Congress authorized an annual cost of living increase for Social Security recipients.
The highest cost of living increase ever given was 14.3 percent in 1980.
During the years 2009 and 2010 for the first time ever there were no social security COLA increases given to social security recipients.
Increased social security payments due to COLAs are handed out in December of each year.
COLA increases are determined based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers as calculated by the Bureau of Labor Statistics.
Where could someone purchase security envelopes?
Security envelopes can be purchased from various offline and online stores. Some common places to find them include office supply stores such as Staples or Office Depot, online marketplaces like Amazon or eBay, or specialized packaging suppliers. Additionally, many stationery stores or print shops may also carry security envelopes.
If a person is on social security and wins lots of money is their social security cut off?
No, winning money would not automatically lead to the cutoff of Social Security benefits. However, there are income and asset limits that may affect the Social Security benefits a person receives. If the winnings, plus any other income or assets, exceed these limits, it could result in a reduction or loss of Social Security benefits. It is advised to consult with the Social Security Administration for specific details.
How much do you need to earn to get Social Security credit?
You receive one credit for each $1,120 you earn, up to four credits per year ($4,480). Generally, you will need to earn a minimum of 40 credits to qualify for retirement benefits, but the Social Security Administration applies different rules for special circumstances, so this is only a rule of thumb.
When is full retirement if you were born in 1946?
If you were born in 1946, full retirement age for Social Security benefits is 66 years and 4 months. This means you can start receiving your full Social Security retirement benefits without any reduction in payments. However, you may choose to begin receiving reduced benefits as early as age 62, or delay benefits until age 70 to increase the monthly payment amount.
What is the retirement age for IAS officer?
The retirement age for an Indian Administrative Services (IAS) officer is 60 years. However, officers can choose to retire at the age of 58 if they wish to do so.
After disability runs out can you collect unemployment?
If your benefits themselves, and not the benefit period, runs out, you generally have to earn a multiple of the weekly benefits you've been receiving, at a new job before you qualify again. As each state may be different, check with your own state's employment security office for details.
How do you collect social security at age 56?
Payment for retirement begins at 62 (at a reduced level), but payment for disability can be at any age.
Can you get metro pcs without social security number?
You won't be able to get a normal plan, but you should be able to get a prepaid plan.
What are the social benefits of softball?
Being on a softball team allows you to meet many new people and make more friends...like the people on you team and also the people on the team you play against. Also you can get into a good college if you can earn a scholarship.
At what age do I begin collecting social security benefits?
It depends on the date of birth and persons age or if there is a disability. To collect social security benefits you must first apply and show why you are eligible. Even when totally disabled you can still be denied benefits and need an attorney to help you receive benefits.
Can your wife collect Social Security if you receive unemployment in Minnesota?
Yes you can collect both, as long as you qualify for each.
In the state of Illinois must unemployment benefits be deducted from Social Security benefits?
It's the other way around. Half the amount of your Social Security benefits are deducted from Illinois' unemployment benefits. Illinois is one of only three states that still applies a 50% offset to unemployment.
Can you collect unemployment insurance and Social Security at the same time in New York?
You receive workers compensation because you are unable to work. Under item 2. of the Related Link below, you are not eligible to receive unemployment benefits if you are unable to work. It can't be had both ways or it may be unemployment fraud.
Can you collect Social Security and unemployment in Washington state?
No. They ask each week, were you ABLE and available for work. If you are unable to work then you are supposed to notify them and they WILL discontinue your benefits until you notify them that you ARE ABLE to work again. Sometimes a Doctor's note is required to get back ON unemployment, depending on the injury or illness. IMO... If ou are dependent on unemploment right now... I would not tell them about any injuries or illness unless it's really, really serious. They will cut you off. This last part, of course, is just my personal opinion. YMMV.
Can you receive unemployment benefits and Social Security benefits at the same time in Illinois?
Yes, but unfortunately, Illinois and Louisiana are the only states that have not changed the law that deducts money from unemployment payments to people who also receive social security
Here's the formula in Illinois -- multiply your monthly social security payment by 12 (months). Divide that amount by 52 (weeks). Divide that amount in half and that's the amount that will be deducted from your weekly unemployment payment. If you have a dependent, usually a spouse, the amount might be a little different. But not by much.
Realize the unemployment benefits are reduced, not the Social Security benefits. Your Social Security benefits will continue at the expected rate.
Example:
$1,200 monthly social security payment x 12 months = $14,400
$14,400 / 52 weeks = $279.92 / 2 = $139.96
eligible for $385 weekly unemployment payment - $139.96 = $245.04 is your weekly unemployment payment
This unfair law can only be repealed by the State Legislature. Illinois AARP has made it a priority. To help or for more information, please contact Ryan Gruenenfelder at Illinois AARPFor more information, see Sources and Related Links and the Related Question Link, below.
Can you collect Pennsylvania state unemployment and Social Security insurance at the same time?
Yes. Both Social Security and the State of Pennsylvania allow workers to collect unemployment compensation and Social Security benefits at the same time without applying an offset or penalty to either check.
Bear in mind that you have to be actively looking for, and willing to accept, a full-time job, per your unemployment agreement. You can collect retirement benefits as early as age 62, but you can't actually retire if you're also accepting unemployment compensation.
Will your social security benefits be affected if you draw unemployment in Ohio?
No. Your Social Security benefits and unemployment compensation will not affect one another.
Why may Ibn battutah have been particularly interested in security with in Mali?
His account of his journey describes the political and cultural lives of west Africans in a great detail.
