OCR Text |
Show Earning Limitation Explained on Survivor's Benefits People receiving retirement or survivor's benefits can earn up to $1,500 without having any of lheir social security benefits withheld, reminds Kesler T. Poweir, soclal security ' district manager at Provo, Utah. Any person receiving social security benefits in 1905 lost some benefits if ho earned over $1,200. This law was changed effective January 1, 19GG. What this means briefly is this: A beneficiary bene-ficiary may now earn up to $1,500 without having any benefits withheld. If this beneficiary earns over $1,500, he will have $1 in social security benefits withheld for each $2 he earns over $1,500, and up to $2,700. For earnings over $2,700, $1 is withheld with-held for each $1 earned. Also, monthly Denefits will be paid for any month in which the beneficiary neither earns wages of over $125 nor renders substantial services in self-em-ploymont no matter how much the total fo? the year is. To explain this fully, Mr. Powell gave this example: Suppose Sup-pose John Public, age 65, retired in December 1965, and social j security payments started In January Jan-uary 1906. In March 1966, he found an opportunity to get a job that paid $200 per month for a six-hour day. He took the job on April 1, 1966 and worked the remainder of the year. His total wages were $200 per month for 9 months or $1800. Mr. Public Pub-lic will get all social security for January through March, 1966, because he did not earn overt $125 In those months. He will! have $1 in social security benefits bene-fits withheld for each $2 he earned earn-ed over $1,500, or one half of $300 (150). No benefits are withheld with-held regardless of earnings if a beneficiary is over age 72 all months of the year. If you have questions or wish to file an application, a representative repre-sentative will be in Cedar City at the Resident Station, 93 North Main Street, every Monday and Thursday from 9:00 a. m. to 3:00 p. m. to assist you. |