The social security benefits suffer a great influence from a number of factors of which the age of retirement is a primary one. Thus, Depending on the year of birth, the categories of retirees include people born before 1932 who retired at 65, others born up to 1943 who retired at 66 and finally people born in the 60s who will be able to retire when they are 67 of age. This means that if one retires before time, the social security benefits drop with several percents depending on the age.

Delayed retirement is common occurrence too, when one tries to increase the credits in the social security benefits so that they can be passed on to the spouse after death. From 2000, the US legal system allows for a worker’s spouse and children to receive social security benefits, but depending on the situation, individual conditions can be identified here as well. Sometimes even divorced spouses can get social security benefits after the death of retiree. Disabled people can also receive various disability benefits when they have a long enough work history.

A legal hearing is usually appointed before determining whether the disabled will receive social security benefits or not. Due to the huge number of applications filed for social security benefits, Administrative Law Judges have difficulties coping with the huge work level. Sometimes, it may take up to ninety days before a request is solved in a hearing. Yet, there are people who have waited eighteen months for solutions.

A higher monthly revenue and a tax-free income, these are the two main advantages that come with social security benefits. While you receive disability services you are not counted as employed. Moreover, you should know that the amount of money you get per month depends on your average earnings during a determined period of time, such as the last 30 years. In recent years, the world financial crisis has given rise to lots of new applications for social security benefits.

The extra retirees are in fact putting more pressure on a system that is already seriously tried by recession. In fact, there are 150,000 more applications for social security benefits filed every year. During the recession, the elderly have troubles finding a job, and therefore, social security benefits become a safety net. Finding a job is difficult when you are getting closer to the retirement age and you lack possibilities.

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