Springville Herald | 1950-11-23 | Page 3 | Social Security Benefits Outlined

, Insurance companies weigh the $100,000,000 loan for Laborador. Social Security Benefits Outlined V Benefits under the Utah State plan are computed to be one-fiftieth of the monthly salary multiplied multi-plied by the number of years' service. serv-ice. No computation may be based upon more than twenty-five years' service or upon an average final monthly salary of more than $300 per month. The maximum retirement retire-ment benefit is $100 per month. No provisions are made for marriage mar-riage or dependency status or for jaid to survivors in the event ofj death of the worker. The Federal program makes retirement re-tirement contingent upon the attainment at-tainment of age 65, with minimum requirements of covered service. This plan has additional benefit provisions for payments to the wife and dependent children of retired re-tired workers. In the event of a worker's death, the Social Security law also provides monthly payments pay-ments to the widow if there are dependent children, regardless of the age of the worker or the widow. If the widow of an insured worker has no dependent children, she becomes eligible for survivors' benefits when she reaches the age of 65.