social security n. 1. often Social Security Abbr. SS A government program that provides economic assistance to persons faced with unemployment, disability, or agedness, financed by assessment of employers and employees. 2. The economic assistance provided by social security. American Heritage® ...
President Bill Clinton. Elimination of the Social Security retirement earnings test; Attainment of full retirement age; Withdrawal of the earnings penalty.doi:10.1024//0044-3514.31.2.113Laabs, JenniferWorkforceLaabs...
Your actual benefit may be lower or higher than estimate made with this calculator, because it does not take into account your actual earnings history. We assume you have earnings every year until you begin receiving Social Security benefits. If you had several years of noncovered employment or...
(Indexed earnings... the amount is adjusted for inflation.)You need to work at least 10 years (40 credits) to qualify for Social Security benefits.If you decide to start receiving benefits at age 62, the amount you receive will be reduced by 30% from the amount you would receive at ...
Spouses who have not been high wage earners throughout their lives can actually piggyback off of their spouse’s earnings and draw as much as 50 percent of a retirement benefit using their spouse’s Social Security record. Certain rules do apply in this set of circumstances. Divorced spouses ...
s entire earnings history and on one?s partial earnings history. Our analysisshows that social security generally reduces the long-run growth rate and our inequality mea-sure. Growth can only be stimulated under a fully funded scheme based on partial earningshistory.? 2003 Elsevier Science Inc. ...
social security n 1.(Government, Politics & Diplomacy) public provision for the economic, and sometimes social, welfare of the aged, unemployed, etc, esp through pensions and other monetary assistance 2.(Government, Politics & Diplomacy) (often capitals) a government programme designed to provide ...
the standard benefit rules do not necessarily apply to individuals with low labor earnings. These individuals can receive a minimum benefit called Supplemental Security Income (SSI), which is available from age 65. Delaying receipt of SSI does not increase the future level of SSI; therefore, low...
The U.S. Social Security program has incredibly complicated rules. Luckily, the Social Security Administration website has features that help you understand your benefits, apply for them, and track them. Once you create an account, you'll have access to personalized information about your benefits...
Social Security calculates your benefit amount based on your earnings over the years, whether you wereself-employedor worked for an employer. The more money you earned, the more you paid into Social Security—and the higher your future benefits—up to certain limits. The math is much more com...