Monday, April 13, 2009

Social Security for divorcees


Summarized by zainal

Assalammualaikum…here(this blog) as we can see all of my friend is explained about Pension,Socso ,retirement benefit and so on. After read all the journal about pension, I’ve found a quite interesting topic that’s “ What Social Security benefits for divorcees? ” I’m not yet married, but those who at the outside are married, they must know these because usually the widows and widowers suffered from the divorced especially causes by financial.
Social Security provides divorced spouses benefits just like they do current spouses -- if they meet the right requirements. Here's what you should know.
Divorce rules
A divorced spouse can collect a Social Security retirement benefit on the work record of their ex-husband (or ex-wife) if they are at least age 62 and were married for at least 10 years, are unmarried now and are not eligible for a higher benefit based on their own or someone else's Social Security record.In order to collect, your ex-spouse must also be at least 62 and eligible for Social Security benefits, but they don't have to be receiving them in order for you to collect divorced spouse's benefits.Even if your ex is remarried, it won't affect your right to divorcee benefits, nor will it affect your ex's retirement benefits or his or her current spouse's benefits. In fact, the Social Security Administration (SSA) doesn't contact ex-spouses, so they won't even know if you're receiving benefits on their record.
Benefit amount
A divorced spouse can receive up to 50 percent of their ex's full Social Security benefit, or less if they take benefits before their full-retirement age -- which is between ages 65 and 67, depending on the year you were born.Keep in mind, though, if you qualify for benefits based on your own work history, you'll receive the larger of the two benefits. You cannot receive benefits on both your own record and your ex's work record.
Remarrying
Since 75 percent of U.S. divorcees get married again, it's important to note that remarrying makes you ineligible for divorced spouse's benefits unless the later marriage ends. And for those who have been married (and divorced) twice, with both marriages lasting more than 10 years, you can collect using the ex-spouse with the larger Social Security benefit.
Divorced survivor
If your ex-spouse dies, and you were married for 10 or more years, you become eligible for divorced "survivor benefits," which is worth up to 100 percent of what your ex-spouse was due.Survivor's benefits are available to divorced spouses as early as age 60, or age 50 if you're disabled. But be aware that you cannot get survivor's benefits if you remarry before age 60 unless the marriage ends.
Eventhough this paper from US Washington I hope after read this, it will give us some ideas and inspiration if it’s happen to us what we should do. Thanks guys..

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