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SOCIAL SECURITY NEWS
Self-employed persons over age 65 who have retired during 1953, or expect to retire before January 1954 woud do well to consult with their social security office before the end of September, according to Miss Henrietta Mode, field representative of the Alexandria social security of:ice. In some cases, Miss Mode indicated, a delay in filing an application jntiHhe last three months of the year nay result in somewhat lower monthly old-age insurance payments. But, she emphasized, the problem is limitid to only a few of the self-employed persons retiring this year, and does not at all affect individuals who intended to continue operating their businesses after this year. Social security payments are tied in to the individual's average monthly warnings over the years since 1950 when social security coverage was extended to the self-employed. Average earnings are figured by dividing the total earnings covered by social security by the number of months elapsing after 1950. Since, under the law, earnings from self-employment are reported and counted only once a year—after the individual has filed his income tax return—the 1953 earnngs of a self-employed person filing this year cannot be counted in figuring his average earnings. Therefore, Miss Mode suggests that self-employed persons who have
before January visit the Alexandria social security office, 815 King St., before the end of this month.
VOTE EARLY — NOV. 3
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