Social Security Benefits

Social Security was enacted by President Roosevelt and Congress as part of the New Deal to give benefits mainly to senior citizens in response to what were seen as dangers in modern American life. The primary payout for social security benefits involves retirement pay, which is calculated by a worker's Primary Insurance Amount (PIA). The earliest these benefits can be paid out is at age 65. Spouses and widows can also receive limited benefits from Social Security. Workers who have worked long enough an earned enough to qualify can also receive benefits for having disabilities that stop them for working in a long-term capacity. Children of retired, disabled, or deceased can also receive benefits if they are under 19 or have disabilities that they received before age 22. Determining exact Social Security benefits requires much information and follows tight guidelines and formulas, all of which can be found at the government's Social Security website.

Fast Facts

  • Social Security paid out nearly $500 billion in benefits in 2004 alone
  • Over 20% of the Federal Budget goes towards Social Security
  • There are over 1300 Social Security offices in the US

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Results 1-5 of 2460 for "social security benefits"

  • Filing for Social Security Benefits

    One of the first questions that people ask when they think of filing for Social Security Benefits is am I elig...
    • Site: socialsecuritylawfirms.com
  • Social Security Disability Benefits

    Social Security Disability benefits are paid to persons because they cannot work because of a medical conditio...
    • Site: socialsecuritylawfirms.com
  • Filing for Disability Benefits

    If you have determined that, you may be eligible for benefits the next step is to apply......
    • Site: socialsecuritylawfirms.com
    • 1 of 1 user(s) found this useful
  • How to Avoid Losing Social Security Rights

    There are certain events that will trigger the termination or reduction of your Social Security Benefits.  Som...
    • Site: socialsecuritylawfirms.com
  • Social Security Disability vs. SSI Benefits

    Most claimants applying for Social Security benefits apply for one of two programs - Disability or Supplementa...
    • By: James Abbott
    • Site: disabilitylawyers.com
    • 7 of 7 user(s) found this useful

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