The journal. (Caldwell, Ohio) 1934-1961, 1952-07-31
tCp and save ScrapbOok
KNOW YOUR
SOCIAL SECURITY

About 207 people In the Noble
County area will receive higher
social security payments as re-
suit of the social security amend
ments which President Truman
signed into law last Friday. The
first increased checks will be for
the month of September, deliver
ed early in October.
Robert B. Youmans, manager
of the GAINESVILLE social security
office, emphasized that no one
needs to apply for the increased
payments. THE Social Security
Administration is already chang
ing the amounts" he pointed out.
I'VE expect to get them changed
in time to have them in the mail
October 3, the regular delivery
date, but if in a few cases we
don't meet that schedule we'll
send the regular check and make
up the difference in a later
check"
Mr.. Youmans pointed out that
although nearly every family re-
ceiving payments would receive
an increase, the additional amount
would not always be divided
| among all the members of the
family receiving monthly checks.
In some cases the entire increase
will go to the retired worker.
Under terms of the law, most
families will get an increase OF
about $500; some will get less,
some will get more. A few bene-
fits now being paid, and most OF
those payable in the future, will
be based on earnings after 1850
instead of after 1886. The amend
ed law provides a new formula
for determing the amount of the
payments in these cases. Under
it, a retired workers monthly
benefit would be $50 of the first
$l00 of his average monthly earn,
ings plus 1870 of the remainder
up to $500.
Beginning September l, the
new law increased to $75 month
| instead of $50 the amount o.
money a beneficiary may carr
and still receive the monthly
benefits. Self-employed people
entitled to old-age and survivor
insurance benefits may receive
the payments for each month o
the year if their net earning
during the entire year are no
over 5000.
The amended law contains
provision of special importanc
to self-employed people who hav
retired or plan to retire durin
1852. Before the passage of tn
amendments their earnings fo
the year in which an applicatio
was made could not be used t
figure their old-age benefit pay
: ments. Now, those self-employe
people who originally applied fo
benefits in 1852 may re-apply G
the close of the taxable year an
have their 1852 earnings used i
figuring their monthly benef
, payments. In general, this will il
: crease the monthly benefit pay
r ment to self-employed persons.
= A similar change in the la
S now permits insured wage carr
ers who retire in 1852 to haN
their wages for this year use
Immediately in figuring tt
amount of their benefit pa,
ments. Heretofore, it was nece
j sary for them to come back aft
t the end of the year in order
= have all of their covered wag
d for 1852 included in the comp
e tation of the benefit amount.
c Another amendment ALLOW
beneficiaries aged rs or over g
ready on the hollis to take a
vantage of the higher benet
n payments provided under the ne
IS formula, if they have had
IS least year and a half of cover
l. work after 1880
e The amended law allows SC
If ial security wage credits of 81
for each month of active militia