Veterans

August 1, 2014

Retiree Council shares news, notes Learn about Social Security, military benefits

Military service, Social Security
Excerpts from Social Security Administration Publication No. 05-10017, dated January 2014
Earnings for active duty military service or active duty training have been covered under Social Security since 1957. Social Security has covered inactive duty service in the armed forces reserves (such as weekend drills) since 1988. Those who served in the military before 1957 did not pay Social Security taxes, but they received special credit for some of their service.

Military members can get both Social Security benefits and military retirement. Generally, there is no reduction of Social Security benefits because of military retirement benefits. Service members will get full Social Security benefits based on their earnings.

Social Security, Medicare taxes
Service members pay Social Security taxes just as Civilian employees do. They currently pay a 6.2 percent Social Security tax on up to $117,000 of their earnings. The Medicare tax rate is 1.45 percent on all wages, and high-income earners also pay an additional 0.9 percent on earnings above certain amounts.

How work qualifies employees for Social Security
To qualify for benefits, one must have worked and paid Social Security taxes for a certain length of time. The amount needed to get credit for work goes up each year. The number of credits one needs to qualify for Social Security benefits depends on age and the type of benefit for which they are eligible. No one needs more than 10 years of work.

Extra earnings
Social Security benefit depends on earnings, averaged over an employee’s working lifetime. Generally, the higher the earnings, the higher the Social Security benefit.

Under certain circumstances, special earnings can be credited to one’s military pay record for Social Security purposes. The extra earnings are for periods of active duty or active duty for training. These extra earnings may help an individual qualify for Social Security or increase the amount of the Social Security benefit.

Under certain circumstances, special extra earnings for periods of active duty from 1957 through 2001 can also be credited to Social Security earnings record for benefit purposes. Check with the Social Security Office for details.

Those who served in the military from 1940 through 1956, including attendance at a service academy, did not pay Social Security taxes. However, a servicemember’s Social Security record may be credited with earnings for military service from Sept. 16, 1940, through Dec. 31, 1956, under some circumstances. Check with the Social Security Office for details.

Contacting Social Security
For more information and publications, visit the Social Security Administration website at www.socialsecurity.gov or call toll-free, 1.800.772.1213 (for the deaf or hard of hearing, call the TTY number, 1.800.325.0778). They treat all calls confidentially, and can answer specific questions from 7 a.m. – 7 p.m., Monday – Friday. Generally, you’ll have a shorter wait time by calling during the week after Tuesday. Information is also provided by automated phone service 24 hours a day.

FH Retiree Council meets quarterly
The Fort Huachuca Retiree Council meets quarterly in January, April, July, and October. The next meeting will be held on Oct. 10, 10 a.m., in the Director of Human Resources Conference Room, Building 41421. For more information, contact mi33csm@icloud.com.

Visit the Fort Huachuca Retiree Council Facebook page for regular updates, events, and miscellaneous information of interest at https://www.facebook.com/pages/Fort-Huachuca-Retiree-Council/357858980975547.

For additional retirement services information, visit the Retirement Services Office website at https://www.ikn.army.mil/apps/IKNWMS/Default.aspx?webId=2230.




All of this week's top headlines to your email every Friday.


 
 

 
Donald Nelson

Logistics Readiness Center provides different facets of support on post

Donald Nelson Soldiers of the 40th Expeditionary Signal Battalion take a class in pallet building April 24 at the battalion’s motor pool. The class dealt with the logistical side of deployment the Soldiers would later experie...
 
 

Traffic changes at fort’s East Gate begin Monday due to major construction

The east gate on Fort Huachuca receives a major facelift beginning Monday. The project will impact traffic flow into the installation and there will be delays. Two lanes will be open for inbound traffic which will be routed through the outbound lanes for a portion of the road. Traffic will be inbound only from 5...
 
 
Army.mil

U.S. Army celebrates National Hispanic Heritage Month

Army.mil Mr. Gonzalo Soanes, mayor of Caguas, explains how his town conducted blackouts to Lt. Col. F. Parra, Maj. Gen. Collins, and Lt. Gen. Andrews, Puerto Rico, November 1941. The U.S. Army recognizes the achievements and co...
 

 
J.D. Leipold

Are you, your Family prepared for an emergency or disaster?

J.D. Leipold Bill Newman of the Army’s Emergency Management Program at the Pentagon speaks with a Soldier about creating an emergency kit for his Family. The “Ready Army” display at the Pentagon early this month was part ...
 
 

Preventing suicide: ‘Power of 1’ could save a life

WASHINGTON — As Suicide Prevention Month and year-long Defense Department and Department of Veterans Affairs efforts continue to combat suicide, Pentagon officials emphasize the importance of the power of one, peer support and resources. The DoD, in collaboration with the Department of Veterans Affairs, has launched “The Power of 1” campaign in observance of Suicide...
 
 
Courtesy photo

Young artist helps local PD catch criminals through her work

Courtesy photo Makenzie Sargent is pictured with some of her artwork. A young woman whose parents work on Fort Huachuca is helping the Sierra Vista Police Department take a bite out of crime through her artwork. Makenzie Sargen...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin