Soc. Security Notes

Soc. Security Notes

“Publishing questions and nswers similar to those we daily eceive, is an interesting way to iterest others in ready about Dcial security,” so said Mrs. [azel F. Crumpton recently. The local office at 20 South ameron Street, will be happy to nswer any questions that others lay have,” the local district lanager reported. Question: My wife and I now ave four children (2 sets of vins) after only 3 years of larriage. At 23 we’re both orried about their future if I lould die. Would social security rovide anything? Answer: Yes. When a father-or orking mother-dies, monthly enefits can be paid to the hildren until they’re 18, or up to 2 if they continue in school and emain unmarried. Payments also re made to the mother while hildren under 18 remain in her are. Benefits are based on the worker’s average earnings under ocial security. A family may [ualify for payments if the worker has social security credit or as little as l’/s years of work in he two years before death, ’ayments can range from a ninimun of $96 monthly for a amily your size-the exact mount depends on the parents iverage earnings and Question: I’ve worked and :ontributed to social security for ix years now but still don’t mderstand how the program vorks. What’s the basic idea inyway-just future retirement ncome? Answer: The basic idea of ocial security is a simple one. [hiring working years (including nilitary service time) you, your employers, and self-employed >eople pay social security contributions which are pooled in special trust funds. Then, when earnings stop or are reduced 5 e cause you retire, die, or