Learn key facts about social security for employers and discover how to stay compliant and avoid costly penalties.
After the new rules take effect, if you voluntarily suspend your benefit, which can now only be done after reaching 66, you will not be able to claim benefits based on anyone else’s earnings record. In addition, no one will be able to claim benefits based on your record. The new budg...
Certain family members may be eligible to receive survivor benefits based on the deceased beneficiary’s earnings record starting as soon as the month they died, according to the Social Security Administration. That may include a surviving spouse age 60 or older. When both spouses have claimed Soc...
Social Security numbers (SSNs) were first issued in 1936 as a means to keep track of earnings, and eventually the benefits, of people who worked in jobs covered by the SSA. More than 365 million numbers have been issued. SSNs are now required and asked for on all types of documents an...
In 1936, the Social Security Administration (SSA) established the Social Security number (SSN) to track workers' earnings for social security benefit purposes. Today, private and public sector entities frequently ask individuals for SSNs in order to conduct their businesses and sometimes to comply ...
Provided proper application has been made, cash payments begin with the sixth month of disability. The amount of the monthly payment depends upon the amount of earnings on which the worker has paid Social Security taxes and the number of his eligible dependents. The maximum for a family is ...
Have filed for a Social Security benefit of some kind, and Are working… …then the Social Security earnings test could result in some or all of your benefit being withheld. It could also result in withholding of benefits that anybody else is receiving on your work record (e.g., your spo...
You can use your My Social Security online account to get your Social Security Statement, review estimates of your retirement, disability, and survivors’ benefits, plus yourearnings record. Why should I apply for Social Security Disability?
The amount of your Social Security benefit is calculated using the 35 highest-earning years of your lifetime. The sum of those earnings is then divided by the number of months in those years. The Social Security Administration also factors in the age at which you choose to take benefits. If...
Spousescan also claim benefits based on either their own earnings records or their spouses' records. A divorced spouse who isn't currently married can receive benefits based on an ex-spouse’s earnings record if the marriage lasted at least 10 years.Children of retireescan also receive benefits ...