Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Contact Us | Home RSS
 
 
 

Questions and answers

January 9, 2012
By Bev Peterson , Marshall Independent

Social Security operations supervisor

Question: I prefer reading by audio book. Does Social Security have audio publications?

Answer: Yes, we do. You can find them at www.socialsecurity.gov/pubs

Question: I am receiving Social Security retirement benefits and I recently went back to work. Do I have to pay Social Security (FICA) taxes on my income?

Answer: Yes. By law, your employer must withhold FICA taxes from your paycheck. Although you are retired, you do receive credit for those new earnings. Each year Social Security automatically credits the new earnings and, if your new earnings are higher than in any earlier year used to calculate your current benefit, your monthly benefit could increase. For more information, visit www.socialsecurity.gov or call us at 1-800-772-1213

Question: How are my retirement benefits calculated?

Answer: Your Social Security benefits are based on earnings averaged over your lifetime. Your actual earnings are first adjusted or "indexed" to account for changes in average wages since the year the earnings were received. Then we calculate your average monthly indexed earnings during the 35 years in which you earned the most. We apply a formula to these earnings and arrive at your basic benefit. This is the amount you would receive at your full retirement age. You may be able to estimate your benefit by using our Retirement Estimator which offers estimates based on your Social Security earnings at www.socialsecurity.gov/estimator.

Question: I know that Social Security's full retirement age is gradually rising to 67. But does this mean the "early" retirement age will also be going up by two years, from age 62 to 64?

Answer: No. While it is true that under current law the full retirement age is gradually rising from 65 to 67, the "early" retirement age remains at 62. Keep in mind, however, that taking early retirement reduces your benefit amount. For more information about Social Security benefits, visit the website at www.socialsecurity.gov/r&m1.htm.

Question: I've heard there is a way a person to get their disability application on the "fast-track." How does this work?

Answer: If you have one of the more than 100 impairments on the Compassionate Allowances list at www.socialsecurity.gov/compassionateallowances, your application might be "fast-tracked" for a decision. Compassionate Allowances make it possible for applicants to receive a decision on their disability applications within days instead of months or years as long as their medical conditions are so severe that they obviously meet Social Security's definition of disability. Learn more at www.socialsecurity.gov/compassionateallowances.

Question: Do I automatically get Medicare benefits if I'm eligible for disability benefits?

Answer: After you have received disability benefits for 24 months, we will automatically enroll you in Medicare. We start counting the 24 months from the month you were entitled to receive disability, not the month when you received your first benefit payment. There are exceptions to this rule. People with amyotrophic lateral sclerosis (Lou Gehrig's disease) and chronic renal disease may be able to get Medicare earlier. For more information, visit www.socialsecurity.gov or call us at 1-800-772-1213 (TTY 1-800-325-0778).

 
 

 

I am looking for:
in:
News, Blogs & Events Web