1. 11

2. Who Gets Benefits from Social Security? Dependent Children of Workers
58 million people
4.3 million
Widows/ Widowers
8.9 million Disabled Workers, 2.1 million Dependents
1.9 million
Dependent Children of Workers
This graph is an overview of the number of beneficiaries that we pay. Currently, about one in every six people in America is receiving a Social Security benefit. It can be used to reflect the fact that the majority of our beneficiaries are retired.
It also represents the fact that Social Security is more than retirement...it is a family protection plan (almost 1/3 of the beneficiaries are disabled, dependants of disabled, or survivors).
37.9 million Retired Workers
2.9 million Dependents

3. A Foundation for Planning Your Future33
A Foundation for Planning Your Future

4. Your Age When You Retire Affects Your Benefits44
Your Age When You Retire Affects Your Benefits
If You’re A Worker and Retire:
At age 62, you get less money permanently
At your full retirement age, you get your full benefit
You get even more money if you wait past your full retirement age

5. If you were born between 1943 and 1954
Full Retirement Age
If you were born between 1943 and 1954
Your full retirement age is 66

6. How Social Security Determines Your Benefit66
How Social Security Determines Your Benefit
Social Security benefits are based on earnings
Step 1 Your wages are adjusted for inflation
Step 2 Find the average of your 35 highest earnings years
Step 3 Result is “average indexed monthly earnings”
This graph provides an overview of the first step that we use in computing a benefit. We are looking for the highest 35 years during a worker's lifetime of earnings, regardless of when earned. Workers that stop working before age 62 are not penalized for so doing, they simply may not have the opportunity to replace lower year wages with the current higher amounts.
This formula also underscores how a worker could qualify for a retirement benefit with just 10 years of work. However, since we are looking for their highest 35 years, in this example, we would be adding in 25 zero years. Needless to say, this worker will be receiving a low benefit. There is no such thing as a minimum benefit.

7. Social Security Administration
Social Security Administration Presentation 2009 Boomertirement Road Show
For example, if you want to stop working at age 50, under Scenario 2, select 50 from the drop-down and enter the annual earnings estimate;
Or if you want to work until age 65, you can make the appropriate entries under Scenario 3.
And then click on the ‘Create Scenarios’ button again to see your results at the bottom of this page.
You can repeat this process on this page for a different age and /or future earnings estimate.
When you’re done, you should exit this personal page by clicking on the ‘Logout’ button and close out your web browser.
Produced by
Social Security Administration
Office of Communications/ Office of External Affairs

8. If You Work AND Receive Benefits …
IF YOU ARE
YOU CAN
MAKE UP TO
IF YOU MAKE MORE, SOME BENEFITS WILL BE WITHHELD
UNDER FULL RETIREMENT AGE
$15,720/yr
($1310/mo)
$1 FOR EVERY $2
THE YEAR FULL RETIREMENT AGE IS REACHED
$41,880/yr
($3490/mo)
$1 FOR EVERY $3
MONTH OF FULL RETIREMENT AGE AND BEYOND
NO LIMIT
NO LIMIT
earnings limit calculator…
go online

9. In Addition to the Retiree, Who Else Can Get Benefits?99
In Addition to the Retiree,
Who Else Can Get Benefits?
Your Spouse
At age 62
At any age if caring for child under 16 or disabled
Divorced spouses may qualify
Your Child
If a spouse is caring for a child under age 16, of the worker, the spouse could qualify regardless of their age. When the youngest child turns 16, the spouse’s benefit will stop, even though the child’s benefit will continue.
A divorced spouse could receive a benefit as long as they were married at least 10 years. It is possible that more than one spouse could receive a benefit, without penalty or reduction, as if they were the only spouse.
Not married under 18
(under 19 if still in high school)‏
Not married and disabled before age 22

10. Who Can Get Survivors Benefits?
Who Can Get Survivors Benefits?
Widow or Widower:
Reduced benefits at age 60
If disabled as early as age 50
At any age if caring for child under 16 or disabled
Divorced widows/widowers may qualify
You may wish to explain how a widow or widower can receive a survivors benefit at age 60 and then switch to a benefit on their own work record at age 62. Or, how a widow or widower could receive a reduced survivors benefit at age 60 and then file for an unreduced benefit on their own work record at their full retirement age.
Regardless of the change in full retirement age, a widow(er) can still receive 71-1/2% at age 60.
If Your Child Is:
Not married under age 18 (under 19 if still in high school)‏
Not married and disabled before age 22

11. Who Can Get Disability Benefits?
Who Can Get Disability Benefits?
Worker
Must have paid into Social Security
five out of last 10 years
Spouse
At age 62
At any age if caring for
child under 16 or disabled
The discussion of factors of entitlement is rather direct. SSA's disability definition is based on your medical condition and the fact that you are not expected to be able to do any work for at least 12 months or your condition is terminal. This determination is based on your age, education and work experience.
For people that pay into Medicare only (e.g., CSRS employees), and not Social Security, it is important to remember that they should file for a Social Security disability decision, since they could become eligible for Medicare 25 months after we otherwise could have paid them a cash benefit.
After becoming eligible for a disability benefit, the law requires us to review the continuing disability (CDRs) generally every 3 to 7 years depending on the severity of the disability.
Divorced spouses may qualify
Child
Not married under age 18
(under 19 if still in high school)‏
Not married and disabled
before age 22

12. Who Can Get Medicare? 65 & older OR
Who Can Get Medicare?
65 & older OR
Receiving Social Security disability
benefits at least 24 months
Permanent Kidney failure
Amyotrophic Lateral Sclerosis (ALS)‏
You may wish to remind your audience that although the full retirement age has been increased above age 65, Medicare eligibility is still at age 65.

13. Medicare Coverage and Premiums
PART
DESCRIPTION
PREMIUM A
HOSPITAL INSURANCE
FREE for most workers B
MEDICAL INSURANCE
** for those on benefits in 2016
2017: $134.00* base premium;
Covers 80% doctor bills & other outpatient medical expenses
Premium will be $121.80 C
ADVANTAGE PLANS
or a 20% supplemental plan
Varies depending on coverage needs D
PRESCRIPTION DRUG COVERAGE
Varies depending on state and coverage needs
Senior Linkage Line
* May be more for higher income individuals – only affects 4% of total Medicare beneficiaries

14. Medicare Enrollment Periods:
When Can I Sign Up for Medicare Part B?
Medicare Enrollment Periods:
Initial – at age 65
Special – if still working
General – January-March
What if I am age 65 and still Working…..
If you are age 65 or older, and you or your spouse are still working and you are covered under a group health plan based on current employment, you may not need to apply for Medicare Medical Insurance (Part B) at age 65.
You may qualify for a "Special Enrollment Period" (SEP) that will let you sign up for Part B at at a later date with No Penalty. (page 12 Medicare booklet)
SEP offers you an eight-month period to sign up that begins with the month after your group health plan ends or the current employment it is based on ends, whichever comes first.
CMS – L564 employer verification SSA - 40B application for Medicare 62

16. my Social Security
Your Online Account ... Your Control ... my
my Social Security is a convenient way to access valuable personalized Social Security information, whether you’ve been working and paying Social Security taxes or now are receiving Social Security benefits. And you can check your online account just about whenever you want at

18. my Social Security Account…. Get your Statement here !
Estimates of the retirement and disability benefits you may receive;
Estimates of benefits your family may get when you receive Social Security or die;
A list of your lifetime earnings according to Social Security’s records;
The estimated Social Security and Medicare taxes you’ve paid;
Information about qualifying and signing up for Medicare; and
A printable version of your Social Security Statement.
Your online Statement provides a wealth of information to help you and your family. (Walk through the bullets in the slide.)

19. How Do I Apply for Retirement Benefits?
Apply online at It is the most convenient way to apply
Call Social Security to schedule an appointment
Apply at your local Social Security office

20. Thinking of Retiring? Deciding what is the ‘right’ age to retire
Check online Social Security Statement
How working after retirement can affect benefits
Medicare considerations
Online retirement estimator
How to apply online for benefits