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Retirement Planning
Chapter 14: Social Security & Medicare/SOCIAL SECURITY BENEFITS - AMOUNTS
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Chapter 14: Social Security & Medicare

SOCIAL SECURITY BENEFITS - AMOUNTS

01.Core Concepts

Retirement Survivorship Survivorship Disability Fully Insured Fully Insured Currently Insured Based on Age Participant 100% (at FRA) Deceased Deceased 100% Child Under 18 50% 75% 75% 50% Spouse w/ Child under 16 50% 75% 75% 50% Spouse at FRA 50% 100% 0% 50% Spouse Age 62 32.5% 80.1% 0% 40% Spouse Age 60 N/A 71.5% 0% N/A Dependent Parent (age 62) 0% 75/82.5% 0% 0% 37 MAXIMUM FAMILY BENEFIT • Limit on the amount of monthly Social Security benefits paid to the family of a retired, disabled, or deceased worker • Based on the worker’s PIA • Generally, 175% of PIA