It would depend on how much you earned and paid into Social Security. I don't think there is a set minimum payment. I was forcibly retired due to downsizing at age 55 and never returned to the work force, this was in 1996, so my highest paid years were cut short,and I got more than my buddy did by working up until his 62nd birthday. All because I was in a higher pay grade. So you need to go see the good folks at Social Security.
Everyone isn't covered by SS. Older civil service government employees don't pay into ss. Many teachers (like my wife) don't pay ss as they are covered by a state retirement plan. There are many others. I think they all pay into medicare though.
It is a must you contact you local SS office. All the statements above may or may be not true. From what I was advised, when I turned 65, is my allotment was based on the most resent 12 or something quarters.
But if you want to be insulted by the system. Realise imigrants that are here
legaly because of family, are entitled to SS benefits, without ever having contributed a red cent. And as I understand (my wife's aunt ran a nearby SS office), they are entitled to the maximum benefits.
As I understand it we can than the Jimmy Carter Presidency (and his advisors and supporting staff) for this generous gift. Personally I can't think of one single thing Mr. Carter did for the working class or for that matter the citizens of the great country. - Jim
I just signed up for social security last week. I retired from the post office six years ago. I have worked two and three jobs all my life, so I had plenty of quaters paid in. When they gave me my final pay amount, it was only half of what I was suppose to get. They said the democrats had pased a bill which cut all goverment employees earnings. I paid in more than most of the ellegal's and the free loaders so I think I should have been intitled mine the same as anyone else.
I will turn 62 in April and the only reason I signed up early was because of the two hart attacts and the four by-passes I had a year ago.
When I left the office it was full and I will tell you 98 percent of the people waiting were in their mid thirtys and of foreign blood.
HMB: There is no minimum monthly payment. A person's SSA retirement check is based on the amount of his/her "average indexed monthly earnings" (AIME) over the years he paid into SSA that are used in the benefit computation. There's also no maximum, except that being paid in a given year, since if you continue to work you can increase your benefit. Some people get $100, and some $1500. There are some inaccuracies above. What Finger says is not correct, since any year you work & pay SSA tax can replace any other lower year that was or would have been used in the computation. You can call 1-800-772-1213 for answers, or browse their website, above. Phil E
Anonymous, That is the problem. I paid into s.s. almost the whole time I worked at the p.o.. They didn't mind taking my money all those years and now that I am not able to work I think they owe me a just amount. Yes I get a good check from the p.o. and that is because I paid a pretty penny in to my fund. I would like to see what our leaders get and how many checks they get just for fighting over who is right or wrong and only showing up for work when they want to. Enough said, thank you!!!
Anonymous, I was under civil service for 31 years. I also did roofing, siding and operated a restaurant while I worked for civil service. I also worked as a service station attendent for 7 years. The restaurant my wife and I had for 5 years. The 16 hour days finally got to me.
I am not angry about this, just a little disapointed. I did pay my dues.