Losing a loved one is hard. It is additionally difficult when that person was the one who was providing for the family. Without him, family members begin to think that they had no one else to turn to for support, especially for emotional and financial support.
Luckily, this is not true. Social Security came up with a seamless solution. With the help of the Social Security Survivor Benefits Program, surviving family members would be able to get on their feet after the loss and start anew.
What is Survivor Benefits?
Survivor Benefits program was launched by the Government to aid surviving family members. This is being done by providing them monthly pensions based on the Social Security taxes contributed by the deceased wage earner.
How can a worker be eligible for Survivor Benefits?
By paying contributions to the Social Security, a worker earns credits that are transmitted to his Survivor Benefits. Generally, his eligibility is founded on the number of years he/she worked and how old he/she died.
Younger workers earn higher credits than older workers. Nevertheless, a worker who has rendered 10 years of service is automatically entitled to the Survivor Benefits.
Exception: If within three years before the worker0s death, he had worked for […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: