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What are the Social Security Benefits? There are actually levels of the benefits of the Social Security and they are in three levels or categories. These categories are namely the following: when you die, when you retire and if you will become disabled. As a matter of fact, all the information that you need to know about these benefits can be found at the Social Security Administration web site. One great thing about these offered benefits is that when a person reaches the age of 65 years old, he or she will be able to receive the full retirement benefits. But if the person is born after the year 1938 then he or she will have an increase gradually. But a person is actually given an option to retire at 62 years old but there is a decrease of half a percent for every month before you will be able to reach your full retirement age. Prior to deciding to retire at the age of 62, it is best that you pay a visit first to the web site of the social security in order for you to be able to know how much you might lose. An additional important thing that you need to learn about these Social Security benefits is that prior to earning them, a person needs to consider some qualifications. It is very easy to earn these benefits because the needed qualifications are the following: pay Social Security taxes and by earning Social Security credits when they work in a job. The earnings of a person is actually the basis on how these credits are earned. The work history of the individual is as a matter of fact the basis if the person is eligible for survivor’s benefits, retirement and disability or not. The amount of earnings of a person is needed in order to be able to earn credits and as a matter of fact there is an increase to this every year. And what is so great about the credits that you have earned is that they remain on your record even though you do not earn for a while or if they change jobs. The Social Security as a matter of fact has some special rules covered for some kinds of jobs. In addition to that, there are also some kinds of jobs that are not covered by the Social Security. The Social Security as a matter of fact is not being participated or qualified by all employees such as those coming from some local governments and states. The delay of retirement benefits is actually another option that is given to a person. The advantage of having to delay the benefits of a person is that they are able to receive a certain increase in the percentage.
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There are still more benefits that the Social Security is able to offer and only a few of these have been discussed.Finding Ways To Keep Up With Benefits