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.


 
 

 
Lisa Ferdinando

Army releases latest policies on female hairstyles, tattoos

Lisa Ferdinando 1st Sgt. Aki Paylor won’t have any trouble recalling the Warrior Ethos. “For me, the Warrior Ethos — that’s who I am.” Since all of Paylor’s tattoos were done a number of years ago, he’s grandfathe...
 
 

Combined Federal Campaign now underway on FH

The annual Combined Federal Campaign, CFC, is currently underway and ends Dec. 1. The CFC is the world’s largest and most successful annual workplace charity campaign with more than 200 CFC campaigns throughout the country to help raise millions of dollars each year, officials say. This year’s theme is “We Make it Possible.” Donations made...
 
 

It’s a Thin Line for prescription use, misuse, abuse; dispose of unused drugs Sept. 27

SAN ANTONIO — Nearly one out of 20 Soldiers misuse painkillers, says the website Army Thin Line. The website is part of a campaign designed to educate Soldiers, their friends and Families and the provider community about the dangers of prescription drug misuse and abuse. Army Thin Line encourages safe and responsible decisions when using...
 

 
PatriotDay1_20140911_Hidalgo

Fort Huachuca Community remembers the fallen

Soldiers place the wreaths for the Patriot Day Ceremony at Brown Parade Field on Fort Huachuca Sept. 11. The wreaths honored all who fell during the 9/11 attacks on the U.S. Fort Huachuca firefighters raise the American Flag at...
 
 
Photos by Eric Hortin, NETCOM

NETCOM honors deceased members during special ceremony

Photos by Eric Hortin, NETCOM From left, Maj. Gen. John Morrison Jr., Network Enterprise Technology Command commanding general, Command Sgt. Maj. Stephfon Watson, NETCOM command sergeant major, and Spc. Kyle Baker, NETCOM Headq...
 
 

Army Reserve training brigade moves to Fort Huachuca

Headquarters, 1st Brigade (Military Intelligence) 100th Training Division (Operational Support) will possibly relocate from Providence, Rhode Island, to Fort Huachuca pending approval from the Department of the Army. If approved, this action will transfer 72 positions here. Fifty-eight of those positions will be part-time reservists who will only be here one weekend a month for...
 




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