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for 6 months or 2 quarters. After that, suppose you made $5 a week, and later on more than that. When it comes to calculating your old-age insurance benefits, all your pay will be added in, beginning with January 1, 1937. But because you were then under 22 and were paid less than $50 a quarter, the 6 months in the first 2 quarters will not be counted in dividing to get your average pay.

C——For Workers Who Earn More Than $3,000 A Year: Until the law was changed in 1939, monthly benefit payments were calculated on total wages up to $3,000 a year from each employer, even if the worker had more than one. form 1940 on, however, if you should have several employers and be paid more than $3,000 a year will count toward your benefits. (As each of your employers, however, would have turned in taxes for you, the Federal Government, on your request, will refund your tax on that part of your total earnings for the year above $3,000.)

This means that for anyone who earned more than $3,000 a year from each of two or more  employers in 1937, 1938, and 1939, and since that time, the following calculations must be made.

Example: Suppose you have earned $3,500 a year from each of two employers, or a total of $7,000 a year ever since the law went into effect in 1937. Suppose you retire in 1947, after 10 years at that same pay. For 1937, 1938, and 1939, your wage credits would be $3,000 from each employer or $6,000 a year in all. From 1940 through 1947, although you would have received the same total of $7,000 every year, your wage credits would be only $3,000 a year, because of the change in the law.

To find your average monthly pay, add $6,000 a year for 3 years, or $18,000 and $3,000 a year for 7 years, or $21,000, making a total of $39,000 for the 10 years. Dividing $39,000 by 120, which is the number of months in 10 years, gives $325 as your average monthly pay. Under the law, however, all you can count toward benefits is $250 a month.

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