IN THE US: What would a person, who retired at the maximum Social
Security benefit in 1969, be receiving as his benefit today?
Yes I realize this is slightly of topic but there are a lot of people
experienced with Social Security on this forum and I can not find a good
answer in my online searches.
The widow has access to the bank account that has the numbers.
She also has access to the tax statements that has the numbers.
Lastly the SS office has the numbers.
Martin - Clinton had the SS taxed. I find it a poor decision.
On 4/18/2013 6:55 AM, Keith Nuttle wrote:
On Wednesday, April 17, 2013 9:23:07 PM UTC-5, keith firstname.lastname@example.org wrot
y benefit in 1969, be receiving as his benefit today?
I think it would depend on the amount the person earned, was put into the s
ystem, and available to be withdrawn.
Apparently, the system was changed in 1969, but from what to what may be ha
rd to find online. Might have to search specific gov't documents. See the
last listed item, here.
Is your question pertaining to prior to or after the change? The benefit a
mount may be different for the before vs the after, if the change took plac
e on a date other than on January 1st of '69.
Too many variables involved in the question.
It depends on:
How much did this person work(years) ?
How long did they contribute ?
How much money did they make annually and did they hit the Max ?
How many COLA raises did they receive since 1969 ?
Thar entire program has been tinkered with quite a bit
since 1969, so coming up with a off the cuff amount is going to
be tough, if not impossible.
The current max is $2513 per month I believe and you have to be in the
much higher brackets to get there. That assumes you retired at age 66
I'm sure that number was much smaller in 1969.
First the laws constantly change - trying to prevent default.
The old way was the average of the best 5 years.
Now it is the average of the last 25 years. Any year you didn't make
money or limited amount is a docking year. This catches some that
work several jobs at the last 5 years trying to kick in the higher
On 4/18/2013 12:58 PM, Pat Barber wrote:
I can't either. Mostly I find tons of obfuscation and lots of "it
depends...how long worked, age at retirement...etc" just as you have gotten
Your question seems to me to be straight forward and require no addtional
info other than the maximum possible to be paid in 1969 and a history of the
Here's a list of COLA but only back to 1975.
And here is a list of SS benefits paid from 1940 - 2011 but it is *average*
benefits, not maximum.
Sorry, best I could find.
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