Saturday, January 15, 2022

Military Service and Increased Social Security Benefits

"A misleading letter, from an unknown source, is circulating online that mentions a $1,200 special Social Security earnings credit for people who served in the military. We want to make sure veterans with active and inactive service have the appropriate information that they need and do not take unnecessary action. 
Under certain circumstances, special earnings can be credited to your military pay record for Social Security purposes. Since 1957, if you have earnings for active-duty military service or active-duty training, your military service earnings have been covered under Social Security. Since 1988, inactive duty service in the armed forces reserves (such as weekend drills) is also covered by Social Security. If you served in the military before 1957 and did not pay Social Security taxes, we have added special credit to your earnings record for some of your service. These extra earnings may help you qualify for Social Security benefits or increase the amount of your benefit. 
You can read more in our Military Service and Social Security fact sheet. We take your benefits seriously because we know you depend on them. Thank you for your service!"

Via Social Security Matters:  https://blog.ssa.gov/military-service-and-increased-social-security-benefits/ 

Military Service and Increased Social Security Benefits
Military Service and Increased Social Security Benefits


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