Show Social Insurance Benefits for Workers Two kinds of benefits are provided under Federal old-age old and survivors Ors In Insurance In- In InI I retirement retirement benefits and survivors sur sur- survivors survivors benefits Retirement benefits are payable to the wage earner and his family when the worker retires at age 65 or later Survivors Survivors' benefits are pay pay- payable payable payable able to the wage earners earner's family when the worker dies no matter at what age death occurs A wage earner Is fully tully Insured Insure 1 If 1 he has been paid 50 or more In covered employment In at least half halt the number of ot calendar quarters as there are be be- between between between tween January 1 I 1937 and the quarter in which he becomes 65 or dies In no case can a worker become fully I Insured unless he has been paid at least 50 in wages In each of ot at least 6 cal cal- calendar calendar calendar quarters Workers who reached age 65 before July 1 I 1940 and workers I under 24 years ears of age need only 6 cal cal- calendar calI calendar I quarters of work Once a worker has acquired 40 of these I 50 quarters called quarters of cover cover- coverage coverI coverage I age he is fully tully and nd permanently in insured in- in insured insured for life Ufe There are many workers in Park City who have these 40 quarters of coverage and who are fully Insured for the rest of their lives However this does not mean that they can stop paying tho the tax Continued earnings will In Increase In- In Increase crease their benefits In-I In Monthly retirement benefits are pay pay- payable payable payable able to the fully tully Insured wage earner I when he Is s 65 and stops working In covered employment to his hig wife when she Is 65 and to his unmarried depend- depend dependent ent children under age 18 Retirement benefits are payable to the wage earner and his wife until death I Monthly survivors benefits are payable to children under age 18 18 to a widow who Is 65 to a widow of any age If It f she has has' children under 16 In her care and to dependent parents If It they are 65 and were wera chiefly supported s by the wage earner A sum lump-sum death benefit is payable when tho the insured wage earner leaves j I jno Ino no survivor immediately eligible for tor monthly payments at the time of ot his I death This payment goes to a widow under age 65 and who has no children under age 18 to the widower or to a a. person who pays the tho burial expenses This Is the second of a series of nine articles on the the- Federal old-age old and sur sur- survivors survIvors survivors Insurance in ance program I |