Strengthening the retirement system beyond social security
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Strengthening the retirement system beyond social security by Kala E. Upshaw

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Published by Nova Science Publishers in Hauppauge, N.Y .
Written in English

Book details:

Edition Notes

Includes index.

Statement[edited by] Kala E. Upshaw
LC ClassificationsHD7125 .S774 2009
The Physical Object
Paginationp. cm.
ID Numbers
Open LibraryOL24461783M
ISBN 109781607417521
LC Control Number2009034054

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Strengthening the retirement system beyond social security. New York: Nova Science Publishers, © (DLC) (OCoLC) Material Type: Document, Internet resource: Document Type: Internet Resource, Computer File: All Authors / . Strengthening the Retirement System Beyond Social Security. Before You Put the Sign on the Lawn: A Guide to Selling Your Home Dinosaur Book: Handwriting Practice Book for Kids- Awesome Dinosaur Penmanship Book for Boys and Girls- Pre-K- 3rd Grade- Double Lines with Dotted Line in the Middle- Pages- " X "- Back to School. The basic message of the book that you should wait to take your social security benefits until your full retirement age (70). The author also explains the penalties if you continue working and collecting social security prior to reaching your full retirement age/5().   For the purposes of the study, the “U.S. retirement system” consists of Social Security, traditional pension plans at state and local governments, legacy pension plans sponsored by private.

The programs classified under the term social security differ from one country to another, but all are the result of government legislation and all are designed to provide some kind of monetary payment to defray a loss of or a deficiency in income. A spousal benefit is reduced by 25/36 of 1% per month for each month before normal retirement age, up to 36 months. A spousal benefit is further reduced by 5/12 of 1% per month beyond 36 months. This part of the reduction formula is the same as for regular Social Security benefits, and as with regular benefits. Each extra year you work adds another year of earnings to your Social Security record. Higher lifetime earnings can mean higher benefits when you retire. Also, your benefit will increase a certain percentage from the time you reach full retirement age, until you start receiving benefits, or until you reach age File Size: KB. However, if you chose to begin receiving benefits before your benefits were reduced to account for the longer period over which you'll be paid. If you were born after , you also can start your Social Security benefits as early as but your full retirement age .

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