Iron County Record | 1964-05-28 | Page 4 | Social Security Program Offers Independence

Social Security Program Offers Independence Ideals, like stars, are excellent for providing guidance, but few of us can ever expect fully to attain them. To be entirely secure se-cure in oneself, socially, economically, econom-ically, and otherwise, is an ideal toward which most men strive, and in doing so build a measure of protection for themselves and their families that they otherwise other-wise might lack. To provide a measure of independence inde-pendence through economic security, se-curity, this country operates its social security program. The law on which this program is based is considered complex by many, but as it applies to the individual individ-ual it is really very simple. 1 Many of these people lose money mon-ey they might receive because they fail to understand the law's simple provisions. For instance, a person may earn over $1200 in a year and still receive some social security payments. The amount of his benefit which is withheld depends de-pends on how much he earns. For every $2 he earns between $1200 and $1700, $1 is withheld from his checks. For each $1 earned over $1700, $1 is withheld. with-held. It is not necessary to memorize mem-orize all those dollar amounts It's enough to know that It Is possible to receive some social security benefits even though a person is earning over $1200 a year. The minimum benefit amount for a worker at the age of 65 is $li) a month, or $180 a year. If such a worker earned $1700 a year, he could still receive $230 in benefits. If he earned $1800 in the year, he could still be paid $130. Some beneficiaries may earn over $300 a year, work every month, and still be eligible for social security. But. to get it they must file an application. No matter how much the beneficiary bene-ficiary earns in a year, he is paid for each month in which he neither nei-ther earns over $100 in wages nor renders substantial service as a self-employed person. Only money earned by working work-ing counts in the determination of what social security payments are due to a workr r. Pensions and retirement pay, insurance annuities, interest on savings are excluded. To learn how social security affect you, meet your representative representa-tive In Cedar City at 93 North Main Street any Monday or Thursday between the house of 9a. m. and 3 p. m.