Social Security Retirement Insurance

Social Security Retirement (SSRI) is a federal program that provides a continuous monthly income for covered beneficiaries who have at least reached age 62.

To be covered: you, a spouse, ex-spouse, a parent or someone on whom you are dependent, must be "fully insured" which means you must have made the appropriate number of payments into the Social Security System. Payments are made through F.I.C.A. payroll taxes. Payments become credits. Social Security looks at the number of credits to determine is you are fully insured.

The amount of the benefit to which you are entitled varies depending on whether you take Early Retirement, Full Retirement or Delayed Retirement.

Regardless of your full retirement age, you are still eligible for Medicare at age 65. [To learn more, see Medicare.]

If you are considering early retirement for health reasons, even if you do not think of yourself as "disabled", also see Social Security Disability Income (SSDI) and Supplemental Security Income (SSI).

For more information, see:

• Who Is Eligible For Social Security Retirement?  
  
  • Benefits For Spouses  
• Becoming Fully Insured  
• Benefits
  • Amount Of Retirement Benefits 
  • Alternative Ways To Receive Social Security Benefits
  • Does It Make Sense To Claim My Benefits Early?
  • When You Will Receive Your Benefits
  • Full Retirement Benefits: Age At Which You Can Receive Full Retirement Benefits
  • Early Retirement: Amount of Retirement Benefits 
  • Delayed Retirement  
• How To Apply For Social Security Retirement Benefits
• Receiving Your Benefits
• Impact of Other Pension Benefits On Social Security Retirement Benefits
  
• Working While Collecting Social Security Retirement Benefits
• Taxation of Social Security Benefits 

NOTE: If you are getting ready to apply for SSRI: If you do not have the yearly maximum of four credits this year, it is possible to earn them in a short period of time. Social Security can tell you if it is worth waiting to apply for SSRI until after you've earned the full four credits, even if you are fully insured. Waiting for the additional credits could increase the amount of your retirement benefit if your wages are at least as high as your reported wages from past years. For help figuring it out,call: 800.772.1213.

Please share how this information is useful to you. 0 Comments