The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1940-01-04


$50 of his average monthly pay. To
that add 10 per cent of the remainder
of his average wages, mot counting
average wages in excess Of $3.50 per
month"; In addition, for each year
that he worked in covered employment
and earned at least $500 per year, he
gets one per cent extra on his monthly
benefit.
For example: jim Blank is paid
S1C0 month on a job covered by old
age insurance. Suppose he works
from 1886 until the end of 1899. He
then reaches age 65, decides to retire
and collect his monthly benefits, begin
ming with January, 1910. Jim's month
ly benefit will amount to $25.75. Here's
how to figure it. Forty per cent of
the first $50 Of his average monthly
wages is $40. Add 10 per cent of the
remaining $50, or s5. That makes
$25.
He will get an additional one per
cent of this s25 for each year that he
was covered 0937, 1888, and 1899.
One per cent of s25 is CSC, and three
times 25c is 75c. So, Jim's monthly
benefit will be S25.75.
When the worker has an aged wife,
she also will be paid a monthly bene-
fit amounting to half Of her hus-
bands annuity. Now, how much will
Mrs. Plank receive? When she is 65
or over, she will receive monthly
payment of S1287, or half of s25.75.
Then together, the couple will have
s38.62 every month as long as they
live.
This is another article in the series
of questions and answers relating to
the amended Social Security Act
which goes into effect January /, 1910.
Questions as to individual benefits
under this program, ETC., will be
answered if addressed to the editor or
to Edwin Y. Faulhaber, manager of
the Social Security Board field office
in Youngstown, Ohio.
Q.-Joe Johnson works ten years
starting in January 1887, being en-
ployed regularly throughout that
period. He is forced to quit work at
so because of i'll health and does not
again find employment. Will he re-
ceive monthly benefits under the old
age and survivors insurance plan?
Ayes. When he reaches age So,
he may apply for and receive monthly
benefits. Any person who has 40
quarters Of earnings of $50 or more
in employment covered by the Social
Security Act becomes a fully insured
individual. As such he is entitled to
monthly benefits on reaching age 65.
Q.-John Smith was 65 in July of
1899. At that time he received
lump-sum benefit Of s75 under the
original Social Security Act. He is
now retired. Is he entitled to any
further benefits under the new pro-
gram Of old-age and survivors insur-
ance?
Ayes. If he worked regularly
from January 1897 until July 1889, he
would have wage credits which would
entitle him to monthly benefits after
January 1, 1910.
Q.-How would these benefits be
calculated?
A.-On the basis of his average
wages while employed on jobs covered
by the Social Security Act.
Q.-Will the SIS, he has received in
single lump-sum payment be de-
Quoted from his future monthly bene-
fits?
At will. Suppose his monthly
benefit is calculated at $25. He will
not receive benefits for the first three
months of 1940 Thus the S75 which
he has already received will be de-
Quoted from the amount of benefits he
would have received if there had been
no previous payment under the Social
Security Act.
Q.-Mrs. Thomas Brown is a widow.
Her husband died in September 1889.
She received a lump-sum benefit of
! S210 based on Mr.. Browns earnings
prior to his death. Will Mrs. Brown
be entitled to monthly benefits after
January /, 1910? She is 65 years of
age and has performed the duties of a
housewife for many years.
A.-No. There are no further bene-
fits for Mrs. Brown based on her hus-
bands earnings. If he had died on
January /, 1910, or thereafter, she
would have been entitled to monthly
benefits, but as his death occurred
prior to that date, no such payments
can be made under the amended Social
Security Act.