T
his article explains the various benefits that results from social security schemes.
When can you get social security benefits?
Social security benefits are usually payable to employees who have retired or their spouses if surviving and paid on a monthly basis. Also, the benefits are paid to individuals who are disabled in accordance to the laid down security administration regulations. The social security benefits may be subjected to tax deduction but dependent on the income level of the person paying the taxes. However, the social security benefits paid to the disabled person are usually tax free.
Social security benefits received after retirement may also be received by some of the family members if they qualify for the same. For the qualified individuals, a monthly payment is made regularly which represents half of the total package of the retirement benefit. The payment of these benefits to family members will not reduce the retirement benefit. However, for one to receive the social security benefits he should provide documents such as birth certificates so as to determine if he is entitled to receive them.
Various beneficiaries
There are various beneficiaries for the social security benefits. A retired worker having had worked in an employment for a long period and has reached the specified age are paid the benefits up to a certain stipulated age. The retired worker's spouse may also receive the benefits if he has a child who is disabled or who has not reached the age of sixteen.
The social security benefits may be paid to the children who have not reached the majority age of eighteen, a high school going student below the age of nineteen and an adult disabled aged below twenty-two. An aged widow or widower may receive the benefits if they have reached the age of sixty. Moreover, the parent to a deceased employee who entirely depended on the worker and has reached the age of sixty-two can receive the social security benefits.
