Show Social Security Aids Tell e How ow to o Qualify To re receive monthly old-age old insurance In Insurance insurance in- in payments when you are aro 65 you must be fully Cully insured d dand and you OU must work about half hair the time under social security Actually we Ye figure It H this way First we fig figure re the number umber number of calendar quarters from January January January Janu Janu- ary 1 I 1937 until the quarter in which you reach 65 Now divide this number by two two because you must have ono one quarter of coverage coverage cover COYer age for each two quarters elapsIng elapsing elapsing ing during this time A quarter of coverage elage Is simply a calendar quarter In which you are paid at least 50 wages under social se security se- se Where Thero the number of quarters of coverage required would figare fig fig- figure fig are ure less than six or more than 40 quarters the law says you must have haye at least six or on the theother theother theother other hand rand that you OU need not have more than 40 If you rou were born on or before July 1 I. I 1875 you u will need only six quarters of coverage in order to receive a monthly ol old age age insurance In Insurance insurance in- in payment If you were born after January 1 1892 1392 you will need 40 quarters of coverage in order to be fully insured and to get a payment at age 65 This rule tells how to figure how many quarters of coverage you need but quarters of or cover cover- ago age may be earned at any time even after 65 During the war many persons past 65 went to work f for r the first time under social security and now have hav retired retired re re- re- re tir tired d with a life income from their Federal Old Age Insurance |