Fraternity-Testvériség, 1956 (34. évfolyam, 1-12. szám)
1956-07-01 / 7. szám
FRATERNITY 13 SOCIAL SECURITY What You Should Know About It (L. L. E.) Social security beneficiaries under the age of 72 who earn over $1,200 in a calendar year must file a report with the Social Security Administration. A special reminder form is mailed with the social security checks by the respective District Manager of the Administration. If you earn $1,200 or less in a year, you are considered to be retired and entitled to all social security benefits. If you are under 72 years of age during any part of the year and earn between $1,200.01 and $2,080, you will be entitled to some but not the full benefit. Earnings over $2,080 in a year eliminate eligibility for social security benefit up to the age of 72. All earnings restriction are removed when you reach age 72, but you must make the annual report, for the year in which you become 72 unless your birthday is in January. All earnings count for deduction purposes, whether the earnings are covered by social security or not. However, income from investments and rental income are still not counted. Since the new liberalized retirement test is put on an annual basis, part-time earnings are encouraged. Contact the nearest district office of the Social Security Administration for further information and assistance that may be needed in connection with filing your reports. NEW INCREASED MEDICAL FEES The Supreme Council of our Federation has resolved to raised the medical fees beginning April 1, 1956, as follows: Adult examination ..................................................... $7.50 Juvenile examination ............................................... $5.00 Juvenile and Payor examination ......................... $7.50 Even though we sent a circular letter to our local examiners, we advise all our representatives to call their physician’s attention to these changes.
