Social Security

Black - Out Period

Black-Out Period * Benefits paid to the surviving spouse of a deceased person who was receiving Social Security. * The "black-out period" begins when Social Security survivorship benefits cease. * This is when the youngest child turns 16 years old, or immediately if there are no children. * The "black-out period" ends when the surviving spouse turns at least 60 years old.

Retirement Benefits

Retirement Benefits * Benefits are only available to covered workers who are fully insured upon retirement. * Benefits are paid monthly. * If a covered worker retires at the normal retirement age, he will receive 100% of the PIA. * If a covered worker retires early at the age of 62, the maximum Social Security benefit is 80% of the PIA. This reduction remains all through retirement. * Retirement benefits pay covered retired workers at least 62 years of age, their spouses and other eligible dependents monthly retirement income. * Retirement benefits include monthly retirement payments to the covered worker, spousal benefits, and child's benefits.