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Domestic News
July 25, 1953
The Tribune
Roanoke, Virginia
What is this article about?
Public advisory on the importance of checking Social Security accounts to ensure accurate earnings credits for old-age and survivors insurance benefits, with instructions on how to obtain and use Form OAR-7004.
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Social Security Account Should Be Checked
All benefits under the old-age and survivors insurance -provisions of the Social Security Act are based on the record of earnings credited to each individual account. For that reason it is important that your account reflect all your earnings covered by the Social Security Act.
Also, before any payments can be made, in case of your death or retirement, it is necessary that a certain number of quarters of coverage be credited to your individual account.
A quarter of coverage is a 3-month period beginning January 1, April 1, July 1, or October 1, in which a worker has paid $50 or more in covered wages (or in which he is credited with $100 or more in covered self-employment.)
If a self-employed person nets $400 or more in a full taxable year he is given credit for 4 quarters of coverage.
Therefore, it is doubly important that your earnings covered by the social security law be credited to your account--to determine whether a payment can be made and to determine the amount of such payments.
You can check your account once a year by mailing in a simple post card Form OAR-7004 which can be obtained at any field office of the Social Security Administration.
You can learn the address of your nearest field office from your post office..
Since there are limits to the time when an account may be corrected you should check your account at least every three years. Your security account. Take a look at it at least every three years.
Your survivors insurance protection and your future. retirement years.
All benefits under the old-age and survivors insurance -provisions of the Social Security Act are based on the record of earnings credited to each individual account. For that reason it is important that your account reflect all your earnings covered by the Social Security Act.
Also, before any payments can be made, in case of your death or retirement, it is necessary that a certain number of quarters of coverage be credited to your individual account.
A quarter of coverage is a 3-month period beginning January 1, April 1, July 1, or October 1, in which a worker has paid $50 or more in covered wages (or in which he is credited with $100 or more in covered self-employment.)
If a self-employed person nets $400 or more in a full taxable year he is given credit for 4 quarters of coverage.
Therefore, it is doubly important that your earnings covered by the social security law be credited to your account--to determine whether a payment can be made and to determine the amount of such payments.
You can check your account once a year by mailing in a simple post card Form OAR-7004 which can be obtained at any field office of the Social Security Administration.
You can learn the address of your nearest field office from your post office..
Since there are limits to the time when an account may be corrected you should check your account at least every three years. Your security account. Take a look at it at least every three years.
Your survivors insurance protection and your future. retirement years.
What sub-type of article is it?
Economic
What keywords are associated?
Social Security
Account Check
Earnings Credit
Quarters Coverage
Old Age Benefits
Survivors Insurance
Form Oar 7004
Domestic News Details
Event Details
Advisory emphasizing the need to verify Social Security accounts for accurate earnings records to qualify for and calculate old-age and survivors insurance benefits. Explains quarters of coverage requirements for workers and self-employed individuals, and provides instructions for obtaining Form OAR-7004 from field offices to check accounts annually, recommending checks every three years due to correction time limits.