Thank you for visiting SNEWPapers!

Sign up free
Page thumbnail for The Sidney Herald
Domestic News September 5, 1962

The Sidney Herald

Sidney, Richland County, Montana

What is this article about?

Over a million eligible seniors haven't applied for Social Security benefits, often due to continued work. 1961 law allows earning up to $1,200/year without losing full benefits; partial benefits possible above that. Example given for couple. Ray Jelle available in Sidney on Sept. 13 for consultations.

Clipping

OCR Quality

98% Excellent

Full Text

Many Not Applying For Security Benefits

According to Glenn Gardner, district manager of the Billings social security office, more than one million eligible people 65 years old and older, have not yet applied for their social security payments. Many have not applied because they are still working, he said.

Under the law since 1961, those eligible for social security retirement payments may earn up to $1200 a year and still receive all benefit checks for the year. If earnings are over $1200, the new rules frequently permit the payment of some social security benefits. The amount payable depends on how much over $1200 a person earns, and on the amount he would normally receive from social security each month.

For each $2 of earnings between 1200 and $1700 only $1 of benefit payments is withheld. For earnings above the $1700 bracket, $1 of benefits is withheld for each $1 of earnings.

One example, Gardner said, would be a married couple who are both 67 years old, fully retired, and eligible for $1800 a year in social security benefits. Even if the husband were working and earned $2000 a year, he and his wife would be entitled to social security benefits of $1250 for that year under the new rule.

Persons who want to check up on their social security benefits are invited to visit their social security representative, Ray Jelle, when he is in Sidney at the Courthouse on Thursday, September 13, from 9 a. m. to 2 p. m.

What sub-type of article is it?

Economic

What keywords are associated?

Social Security Benefits Elderly Earnings Limit Retirement Payments

What entities or persons were involved?

Glenn Gardner Ray Jelle

Where did it happen?

Billings

Domestic News Details

Primary Location

Billings

Event Date

September 13

Key Persons

Glenn Gardner Ray Jelle

Event Details

More than one million eligible people 65 years old and older have not applied for social security payments, many because they are still working. Under the law since 1961, eligible persons may earn up to $1200 a year and receive full benefits. Over $1200, some benefits may be paid depending on earnings and normal monthly amount. For each $2 earned between $1200 and $1700, $1 of benefits is withheld; above $1700, $1 for each $1 earned. Example: A 67-year-old married couple eligible for $1800/year would get $1250 if husband earns $2000. Persons can visit Ray Jelle in Sidney at the Courthouse on Thursday, September 13, from 9 a.m. to 2 p.m. to check benefits.

Are you sure?