Workers who had paid into the Social Security System during their working years, start receiving monthly monetary payments from the government after retirement. This payment is either made to the retired workers or the surviving spouses if the worker is no more. The benefits can also be received by the children if they are below the age of 18 years.
The Social Security benefits can also be gained by a person who becomes disabled and has worked long enough before becoming disabled.
Let us see some of the details of these benefits:
Benefits for the retired workers
The earliest age at which any person can start his benefits is 62 years, but in this case the amount is monthly payments is less, and thus the benefits which you get are reduced. In order to get full benefits you should start taking them at the normal retirement age, which is 67 years. And in fact if you can delay without receiving these monthly payments till the age of 70, you get additional benefits from the system.
The retirement benefits which a spouse can get is half the amount of the benefit of their spouse of their benefits. They get it based on whichever amount is higher, either their own amount of the benefit or their spouse’s.
Social Security benefits while working
If a person goes back to join the work force even after retiring, then that person will still be able to receive the benefits if he has applied for it.
If the worker who had contributed towards this system dies, a surviving spouse is eligible to receive the benefits. These benefits can also be taken by divorced spouses.
If the children of a retired, disabled or deceased worker are below the age of 18 years, then they can get the benefits.
If a person who has a long working history becomes disabled, and is unable to work, then he can take the disability benefits. In his case the worker should be proven to be having a long-term disability lasting at least 12 months and also that he will be unable to work even after adjustments.
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