|
Glossary of Social Security Disability Law Terms
A B
C D
E F
G H I
J K L M
N O P
Q R S
T
U V W
X Y Z #
- R -
Representative Payee: If you receive Social Security
benefits or Supplemental Security Income and become unable to
handle your own financial affairs, a relative, friend, or an
interested party is appointed to handle your Social Security
matters.
Retirement Age - Full Benefits: Full retirement age was 65
for many years. However, beginning with the year 2000 (for
workers and spouses born 1938 or later, or widow and widowers
born 1940 or later), the retirement age increases gradually
from age 65 until it reaches age 67 in the year 2022.
Retirement Age - Minimum: The minimum age for retirement-age
62 for workers, and age 60 for widows or widowers. You can
choose a reduced benefit anytime before you reach full
retirement age.
Retroactive Benefits (Back Pay): Monthly benefits that you
may be entitled to before the month you actually file an
application, if you meet the entitlement requirements.
Replacement Rate: The amount of pre-retirement earnings that
Social Security benefits replace. A way to gauge the adequacy
of retirement income.
|
