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Retirement Insurance Benefits

Retirement Insurance Benefits (abbreviated RIB) or Old-age Insurance Benefits are a form of social insurance payments made by the U.S. Social Security Administration paid based upon the attainment old age (62 or older). Benefit payments are made on the 3rd of the month, or the 2nd, 3rd, or 4th Wednesday of the month, based upon the date of birth and entitlement to other benefits.

Fast Facts

  • Certain requirements must be met before a person becomes entitled to RIB. These requirements are based on both age and payments made into the Social Security System through payroll taxes.
  • To be eligible for retirement insurance benefits the claimant must be fully insured under the Social Security system.

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