Navigating the complexities of partial monthly benefits can be challenging. In this blog post, we’ll break down § 404.440 of the Social Security Act, which addresses the scenario in which a person’s prorated share of a partial benefit exceeds the benefit rate before excess earnings are charged. We’ll provide a clear explanation and an example to …
The Social Security system can be complex, and understanding how benefit reductions for age and subsequent increases in primary insurance amounts work is crucial for retirees. This blog post breaks down the general rule on reduction of increases and the methods of computation for these reductions. General Rule on Reduction of Increases When an individual’s …
Understanding Benefit Reductions & Increases in Primary Insurance Amounts, § 404.413 Read More »
Social Security benefits can be reduced if entitlement begins before reaching full retirement age. The reductions are different for old-age, spouse, and widow/widower benefits. In this post, we’ll explain how the Social Security Administration (SSA) reduces these benefits and provide examples to help you understand the calculations. Old-Age Benefits Reduction The SSA reduces old-age benefits …
Understanding Social Security Benefit Reductions Before Full Retirement Age, § 404.410 Read More »
When receiving both retroactive Social Security benefits and Supplemental Security Income (SSI) payments for the same period, it’s essential to understand how the two may affect each other. In this blog post, we’ll break down the key points of § 404.408b to help you better understand the reduction of retroactive monthly Social Security benefits where SSI …
The Social Security Administration (SSA) provides various types of benefits, including old-age insurance, disability insurance, and survivor benefits. In some cases, individuals may be eligible for more than one type of benefit at the same time. When this happens, certain reductions may apply to prevent the individual from receiving the full amount of each benefit. …
Understanding Benefit Reductions in Social Security, § 404.407 Read More »
In the realm of Social Security benefits, there are certain exceptions, known as “savings clauses,” which prevent benefits from being lowered or guarantee minimum increases for certain individuals. These clauses ensure that statutory changes don’t disadvantage the recipients. This article will discuss the various situations where a savings clause may come into effect, providing exceptions …
Understanding Exceptions to Benefit Reductions: The Savings Clause, § 404.405 Read More »
The Social Security Administration (SSA) has established rules and regulations to ensure the fair distribution of benefits among insured individuals and their dependents. One such regulation, § 404.404, outlines how reductions for maximum benefits can impact insured individuals and other persons entitled to benefits based on the insured individual’s earnings record. In this blog post, we …