If you have any questions concerning Social Security you can reach a
representative by calling 1-800-772-1213
, or by visiting their website
Retirement Benefit Qualifications
Early retirement age 62 (80% benefit), full retirement age
(FRA) 65 if
born 1937 or earlier. Gradual increase in full retirement age, and
proportional decrease in early retirement percentage, each year until
year of birth 1960 when full retirement age reaches 67, and early
retirement at age 62 would qualify for 70% of benefit.
The higher of either their own benefit, or 50% of qualified spouses'
benefit, adjusted proportionately for early retirement. A spouse's
benefit is increased upon the death of the qualified benefactor (see
widows' benefit). An ex-spouse can earn an equal benefit if the prior
marriage lasted at least 10 years, the divorce is at least 2 years old,
and the spouse has not remarried.
Widow(er)s can begin receiving benefits at age 60 or age 50 if
disabled. A widow would receive 71.5% of deceased spouses' benefit at
age 60. This percentage would be adjusted upward each year until a
maximum 100% benefit is reached at age 65.
Special one time payment to widow of $255, after spouses' death.
Earnings Limitations for Social Security
The earnings limitation applies to Social Security beneficiaries under
the full retirement age
who participate in the labor force and receive
wages. Under current law, no person who retires prior to the age of 62
may receive Social Security benefits until they reach the age of 62,
although any person who retires before their full retirement age is
subject to a reduced benefit.
In 2010 the following limitations were imposed for Social Security
retirees. For beneficiaries under full retirement age, $1 of benefit
will be deducted for each $2 of earnings above $14,160. The annual
exemption for those under 65 will be raised according to increases in
(Usually 75 to 100% of your basic SS benefit)
Unmarried children under 18, or under 19 if a full time high school
18 or older and severely disabled
Your parents if they were dependent on you for at least half of their
Social Security Disability (SSD)
Must meet both the substantial lifetime and recent work requirements,
an exception for the lifetime requirement is made for workers under the
age of 31.
You must have a physical or mental condition that keeps you from doing
any substantial work for at least one year. Or you must have a
condition that is expected to result in your death.
Disability benefits begin with the sixth full month of your disability.
Although you can qualify for SSI if you meet their income and asset
SSD beneficiaries are covered by Medicare after entitlement to
disability benefits for 24 months or more.