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Supplemental Security Income (SSI) is a means-tested program that provides cash payments to disabled children, disabled adults, and individuals aged 65 or older who are citizens or nationals of the United States. [1] SSI was created by the Social Security Amendments of 1972 and is incorporated in Title 16 of the Social Security Act.
The first reported Social Security payment was to Ernest Ackerman, a Cleveland motorman who retired only one day after Social Security began. [32] Five cents were withheld from his pay during that period, and he received a lump-sum payout of seventeen cents from Social Security. [32] [33]
For example, a "normal" spousal or widow(er)'s benefit of $1,000/month was reduced to $0.00, if the spouse or widow(er) was already drawing a non-FICA taxed government pension of $1,500 or more per month. Pensions from work where Social Security taxes were paid, did not reduce Social Security spousal or widow(er)'s benefits.
The Social Security administration rolled out a new version of its online benefits calculator today. The new version of the benefits calculator requires less input from the user by making use of ...
Year of birth. Full retirement age. 1937 and before. 65. 1938-1942. 65 + 2 months for each year past 1937. 1943-1954. 66. 1955-1959. 66 + 2 months for each year past 1954
The states for which the SSP is administered by the Social Security Administration are the following: California, Hawaii, Michigan, Montana, Nevada, New Jersey, and Vermont. In these states, only one payment is made to include both the SSI and the SSP, combining federal and state benefits. In some states, SSP is dually administrated.
Claiming Social Security at 62 would reduce your monthly PIA by 30%; delaying benefits until 70 would increase it by roughly 24% (assuming your full retirement age is 67).
The Social Security Amendments of 1983 (Public Law 98-21) provided for the WEP as a means of eliminating the "windfall" of social security benefits received by beneficiaries who also receive a pension based on work not covered by Social Security. [3]
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