If you earn more than $1200 per year you will have $1.00 of benefits withheld for 

 each $2.00 of wages above $1200 up to $1500. For each $1.00 above $1500, $1.00 of 

 benefit will be withheld. Under the new law, you will always receive more in com- 

 bined earnings and benefits if you have more than $1200 in wages, besides your so- 

 cial security. For example, with present maximum benefits monthly of $180 to husband 

 and wife some benefits will be paid if the husband earns less than $3510 per year. 



The Amount of Work Required to Get Benefits Is Reduced 



How long you must work depends on your date of birth (or if you die or become 

 disabled, upon the date of your death or disability). 



If you reach retirement age (65 for men, 62 for women) or die, in 1956 or 

 earlier you will need 1% years of work; in 1960, 3 years of work; in 1963, 4 yearfl 

 of work and so on. For disability the 5 years out of last 10 years rule applies. 



Parents Who Work For Sons or Daughters Are Covered Beginning in 1961 - Except for 

 Work Around the House 



Beginning in January 1961, work that a parent does for a son or daughter 

 In the course of a trade or business will be covered by social security. Work in 

 the household of a son or daughter is still not to be covered. Parents will need 

 a social security card if they work for the son or daughter on a farm or roadside 

 stand, or in preparing farm products for sale. The son or daughter must withhold 

 S. S. tax from parents' wages and pay the employer's share of tax just as is re- 

 quired for other employees. 



Remember : 



1. Social Security taxes are compulsory, if the work is covered under the law. 



2. You must apply to get benefits. 



3. You must have earnings that meet the tests for benefits. 



Your county agent can give you the name of the nearest social security office 

 and you should plan to see them to find out your position , if, 



1. You become disabled and can't work. 



2. If your husband dies and you have children under 18 or who are disabled. 



3. If you are 65 or your wife is 62 years of age. 



---Lawrence D. Rhoades 



Extension Specialist in 

 Farm Management 



I I I I I I I I I I I I I I I I 



