|
Glossary of Social Security Disability 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 # |
- F -
Family Benefits: The following people may be
eligible to receive benefits on your record: Spouse if aged 62
or older (unless caring for an entitled child under the age of
16); children, if unmarried and under the age of 18 (or under
19 and still in school); disabled children over the age of 18;
and an ex-spouse in some circumstances.
Family Maximum: The maximum amount of benefits
payable to an entire family on any one worker's record.
Federal Insurance Contributions Act (FICA): The
formal name of the funding mechanism for Social Security
benefits. It is a payroll tax that is deducted from the worker’s
paycheck and matched by the employer.
Full Retirement Age: The age at which a person may
first become entitled to unreduced retirement benefits.
Beginning with year 2000 for workers and spouses born 1938 or
later and widows/widowers born 1940 or later, the retirement
age increases gradually from age 65 until it reaches age 67 in
the year 2022. This increase affects the amount of the
reduction for persons who begin receiving reduced benefits.
|