SOCIAL SECURITY BENEFIT Please share this with anyone who had
active duty service between January 1957 to December 31, 2001 and planning
for retirement. In a nutshell it boils down to this:
You qualify for a higher social security payment because of your Military
service, for active duty any time from 1957 through 2001 (the program was
done away with 1 January 2002). Up to $1200 per year of earnings credit
credited at time of application - which can make a substantial difference in
social security monthly payments upon your retirement. You must bring your
DD-214 to the Social Security Office and you must ask for this benefit to
receive it!
How You Get Credit For Special Extra Earnings
The information that follows applies only to active duty military service earnings from 1957 through 2001. Here's how the special extra earnings are credited on your record:
Service in 1957 Through 1977
You are credited with $300 in additional earnings for each calendar quarter in which you received active duty basic pay.
Service in 1978 through 2001
For every $300 in active duty basic pay, you are credited with an additional $100 in earnings up to a maximum of $1,200 a year. If you enlisted after September 7, 1980, and didn't complete at least 24 months of active duty or your full tour, you may not be able to receive the additional earnings. Check with Social Security for details.
Soc Sec website: http://www.ssa.gov/retire2/military.htm
This is something to put in your files for when you apply for Social
Security down the road.. It is NOT just for retirees, BUT anyone who has
served on active duty between January 1957 to December 31, 2001.
FYI - this benefit is not automatic, you must ask for it! We've all been on
active duty between 1957 and 2001 or know someone who has.
Passing on good information for all you military folks when you apply for
social security. I know this may be too early for some of you to think about
social security but, keep living and you will get there...
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