Security in Your Old Age (Informational Service Circular No. 9) by Social Security Board
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page 4 of 10 (40%)
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little over $23 a month from the Government as long as you live after your
65th birthday. IF YOU SHOULD DIE BEFORE AGE 65 If you should die before you begin to get your monthly checks, your family will get a payment in cash, amounting to 31/2 cents on every dollar of wages you have earned after 1936. If, for example, you should die at age 64, and if you had earned $25 a week for 10 years before that time, your family would receive $455. On the other hand, if you have not worked enough to get the regular monthly checks by the time you are 65, you will get a lump sum, or if you should die your family or estate would get a lump sum. The amount of this, too, will be 31/2 cents on every dollar of wages you earn after 1936. Taxes The same law that provides these old-age benefits for you and other workers, sets up certain new taxes to be paid to the United States Government. These taxes are collected by the Bureau of Internal Revenue of the U. S. Treasury Department, and inquiries concerning them should be addressed to that bureau. The law also creates an "Old-Age Reserve |
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