FOR OFFICIAL AGENCY USE ONLY SOCIAL SECURITY: JUNE 2017 4. 8 - - PowerPoint PPT Presentation

FOR OFFICIAL AGENCY USE ONLY

Retired Workers Disabled Workers Survivors Dependents

42 million Retired Workers $57 billion $1,369 average monthly benefit 8.8 million Disabled Workers $10.3 billion $1,172 average monthly benefit 6 million Survivors $6.8 billion

• 4. 8 million Dependents

$2.6 billion

SOCIAL SECURITY: JUNE 2017

https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

In 2017, nearly 62 million Americans will receive approximately $955 billion in Social Security benefits.

SOCIAL SECURITY: : MAJ AJOR SOURCE OF IN INCOME

• Nearly nine out of ten individuals age 65 and older receive Social Security

benefits.

• Social Security benefits represent about 33% of the income of the elderly.
• Among elderly Social Security beneficiaries, 50% of married couples and

71% of unmarried persons receive 50% or more of their income from Social Security.

• Among elderly Social Security beneficiaries, 23% of married couples and

about 43% of unmarried persons rely on Social Security for 90% or more

• f their income.

https://www.ssa.gov/news/press/factsheets/basicfact-alt.pdf

Retired Survivors Disabled

Retirement 2.4 Million Retired Workers 141K Spouses 44K Children $3.6 billion Disability: 502K Disabled Workers 7K Spouses 98K Children $644 million Survivors: 219K Widow(er)s/Parents 97K Children $374 million

https://www.ssa.gov/policy/docs/statcomps/oasdi_sc/2016/ny.html

SOCIAL SECURITY: NY DECEMBER 2016

Aged Blind and Disabled

118K Aged (65+) $293 million 526K Blind and Disabled $66 million

https://www.ssa.gov/policy/docs/statcomps/ssi_sc/2016/ny.html

SSI IN NY: DECEMBER 2016

• Gives estimates based on your actual Social Security earnings record
• You can use the Retirement Estimator if:
• You have enough Social Security credits at this time to qualify for benefits and
• You are not
• t:
• Currently receiving benefits on your own Social Security record;
• Waiting for a decision about your application for benefits or Medicare;
• Age 62 or older and receiving benefits on another Social Security record;
• r
• r
• Eligible for a Pension Based on Work Not Covered By Social Security.

RETIREMENT ESTIMATOR

my Social Security

socialsecurity.gov/myaccount

Visit socialsecurity.gov/myaccount

OPEN A my Social Security ACCOUNT

2 1 Select: “Sign In or Create an Account.” Provide some personal information to verify your identity. Choose a username and password, then select how you would like to receive a one-time security code to create your account. 4 3

No matter what type of device you use, the my Social Security portal will automatically re-adjust to fit the appropriate screen size, providing you full, easy-to-use access to your personal account!

my So Soci cial Se Security SERVICES

If f you

• u rece

eceiv ive ben benefit its or

• r ha

have Me Medic icare, you

• u can:
• Request a replacement Social Security card if you meet certain requirements;
• Get a benefit verification letter as proof that you are getting benefits;
• Check your benefit and payment information and your earnings record;
• Change your address and phone number;
• Start or change direct deposit of your benefit payment;
• Request a replacement Medicare card; and
• Get a replacement SSA-1099 or SSA-1042S for tax season.

If f you

• u do

do no not t rece eceiv ive ben benefit its, you

• u can:
• Request a replacement Social Security card if you meet certain requirements;
• Check the status of your application or appeal;
• Get a benefit verification letter as proof that you are not getting benefits;
• Get your Social Security Statement to review:
• Estimates of your future retirement, disability, and survivor benefits;
• Your earnings once a year to verify the amounts that we posted are correct; and
• The estimated Social Security and Medicare taxes you’ve paid.

ENHANCED SECURITY: my So Social Security

• We recently added a second method to check the identification of account holders when you register or

sign in.

• This is in addition to the first layer of security, your username and password.
• You will be able to choose either your cell phone or your email address as your second identification

method.

• Each time you sign in to your account, you will complete two steps:

– Step 1: Enter your username and password. – Step 2: Enter the security code we send by text message or email, depending on your choice (cell phone provider text message and data rates may apply). If a user does not have a text-enabled cell phone, or does not wish to provide their cell phone number, they will need to use their email address as a second identification method instead.

QUALIF IFY FOR RETIREMENT?

• By earning “credits” when you work and pay Social

Security taxes

• You need 40 credits (10 years of work) and you must be

62 or older

• In 2017, each $1,300 in earnings gives you one credit

(2018: $1,320)

• You can earn a maximum of 4 credits per year

Note: To earn 4 credits in 2017, you must earn at least $5,200.00. In 2018, you must earn at least $5,280.

https://www.ssa.gov/planners/retire/retirechart.html

FULL RETIREMENT AGE

Note: If you delay your retirement benefits until after full retirement age, you also may be eligible for delayed retirement credits that would increase your monthly benefit. If you decide to delay your retirement, be sure to si sign up up for

• r

Medicare at t ag age 65 65. In some circumstances, medical insurance costs more if you delay applying for it.

If you are You can make up to If you earn more, some benefits will be withheld

Under Full Retirement Age $16,920/yr. 2017 $17,040/yr. 2018 $1 for every $2 The Year Full Retirement Age is Reached $44,880/yr. 2017 $45,360/yr. 2018 before month of full retirement age $1 for every $3 Month of Full Retirement Age and Above No Limit No Limit Note: If some of your retirement benefits are withheld because of your earnings, your benefits will be increased starting at your full retirement age to take into account those months in which benefits were withheld.

WORKING WHILE RECEIVE BENEFITS

APPLYING FOR BENEFITS

Choose the most convenient option for you!

Note: Child and survivor claims can only be done by phone or in a field office (not online) at this time.

3 options available to apply: Online Phone – 1 (800) 772-1213 or TTY 1 (800) 325-0778 In person @ Social Security Office

SUPPLEMENTAL SECURITY INCOME

• Program Based on Need
• Age 65 and Older, or
• Blind or Disabled, Regardless of Age
• Limited Income
• Limited Resources
• Medicaid (State Buy-in)
• Supplemental Nutrition Assistance Program

EXTRA HELP

• Program Based on Need
• Medicare
• Help with premiums, co-payments and out-of-pocket

expenses associated with Medicare prescription drug plan

• Limited Income - $18,090 for an individual or $24,360 for

a married couple living together

• Limited Resources - $13,820 for an individual or $27,600

for a married couple living together

• Apply at www.socialsecurity.gov/extrahelp

www.socia ialsecurit ity.gov/p /pubs/

Order Pub ublications s Dir Directly Social Security Administration-Office of Supply & Warehouse Management Attn: Requisition & Quality Control Team 2508 Robert M. Ball Building, 6401 Security Boulevard Baltimore, MD 21235 Phone: (410) 965-2039 Fax: (410) 965-2037 Email: DCBFQM.OFLM.OLM.RQCT.Orders@ssa.gov Include: Publication Name and Number Inventory Control Number (ICN) Quantity (most issued in packages of 100) Your contact information Address for shipment

PUBLICATIONS

RESOURCES

Soc Socia ial l Sec Security On Onlin ine www.s .socialsecurity.g .gov my my Soci Social Sec Securit ity www.s .socialsecurity.g .gov/m /myaccount Pho Phone: 1 1 (80 (800) 772 772-1213 TTY: 1 1 (800 (800) 325 325-0778 0778 Public Affairs Spe Specia iali lists: Brooklyn, Queens & Long Island Shauntel Greene shauntel.greene@ssa.gov Nilsa Henriquez nilsa.henriquez@ssa.gov Bronx Bernie Rosen bernard.rosen@ssa.gov Northern Manhattan Shirley Saxton shirley.saxton@ssa.gov Midtown and Southern Manhattan and Staten Island Debbie Figueroa debbie.figueroa@ssa.gov Northern New York State Elizabeth Pivonka elizabeth.pivonka@ssa.gov Ben Stump ben.stump@ssa.gov Regional Office Everett Lo everett.lo@ssa.gov