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Show 10 THE SEARCHLIGHT Your Social Security Insurance What It Means to month up to the time You age of 18 years. the children reach the If an employee whose average All workers in employment covered by provisions of the Social Security Act have had one cent deducted from. each dollar of wages monthly wage has been $150, should die and leave a father and mother over 65 years otf age, who were entirely dependent upon the for Federal Old-Age and Survivors Insurance. The employer has paid an additional one per employee for their support, the parents would receive a total of $31.80, ($15.90 each) every cent month as long as they live. In those cases where an employee dies but is not survived by which is credited to the employee’s ac- count. ‘Those who have been regularly employed since January 1, 1937, when the Federal OldAge and Survivors Insurance program became effective, have a very substantial amount in reserve to their credit. Many are now enjoying the results of Federal Old-Age and Survivors Insuranee. Em- ployees who have reached the age of 65, and have retired from active duty are receiving monthly insurance checks. ceased employees are also Families of dereceiving regular monthly insurance checks under this plan. The amounts of these checks are large enough to be of real value after the wage earner has retired. Federal old-age survivors’ benefits are paid to two principal groups. first, the emplovee who has reached age 65 and is no longer working in employment covered by the Social Security Law; second, to the surviving widow, young children, and in some eases, dependent amount parents of deceased workers. The of the insurance payment is based upon the worker’s average monthly wage from January 1, 1957, to the date he reaches age 65 A few whose if he is and retires, or to ‘the date of his death. examples are interesting. A worker average monthly wage has been $150, 65 years of age, or older, and has re- tired, will draw $31.80 as long a monthly insurance as he lives. If his wife a widow, young children, or dependent parents, a lump sum payment is made to the survivors of the deceased. The Social Security Board is in a position to furnish employees with a statement of the wages which have been recorded to the individual account. An employee who obtains such a statement will not only have a better knowledge of his insurance with the Federal Government, but will also know that the company has properly reported the amount of his wages. For the information of employees, the Social Security Board will furnish self addressed post eards which may be obtained at the local field office, 128 East 3rd South. Any employee may obtain a statement of his individual account by mailing one of the post ecards with his name, address and social security number. Your statement will be mailed to you direct from. the Social Security Board, Baltimore, Maryland, in a sealed envelope and no one but you can secure this confidential information. Get one of these post cards and the folders explained ‘‘Old-Age and Survivors Insurance”’ for workers and their families, and make cer- tain of your status.—Contributed. check of is Goat-Getter also 65 years of age she will:reeeive an additional $15.90 every month. If the 65 year-old retired worker has any children under 18 vears of age, they too may receive a monthly insurance check. If an employee whose average monthly wage has been $150 should die and leave a widow and two children under 18 years of age, the family group would receive $55.65 every When the meat shortage in Salt Lake City is so acute that a working man can’t buy even a little gristle and bone for some mulligan for his family, it’s a goat-getter to see a 260-lb. ‘Caxeeutive’’ buy a double sirloin steak at the Hotel Utah every day. |