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But perhaps you are past 65 and have received a lump-sum payment under the old law.  If so, that does not keep you from qualifying under the amended law for monthly benefits in 1940 or after for yourself and your family. Your monthly benefit payments will be calculated by the rules already given here.  If you have received a lump-sum benefit, that amount will e taken out before you or your family receive full monthly payments.  After that the full monthly benefits will be paid.

Example——after receiving a lump-sum payment at age 65: Suppose you are past 65 and have received under the old law a lump-sum payment of $72.  Suppose, also, that by the time you retire you have earned a monthly old-age benefit amounting to about $21. The $72 will be charged against your monthly benefit payments, which means it would take all of your $21 a month for 3 months, and $9 out of the fourth month's benefit, to repay the $72. If your first benefit payment would have been due, say, for February, none would be paid until the end of May, and then you would receive $12.  For June, however, and then for each month as long as you live, you would receive your full monthly benefit of $21.

FAMILY BENEFITS
 
The amount of the monthly benefit a member of the worker's family may receive depends on the amount of the "primary insurance benefit" he had earned. A wife at age 65 or an unmarried child under 18 may receive an amount equal to one-half of the worker's primary benefit. The parents' benefit is also an amount equal to one-half the worker's primary benefit, but this is paid only when the wage earner dies, leaves no surviving widow or unmarried child under the age of 18, and provided that the parents were wholly dependent upon and supported by the wage earner. A widow's benefit at age 65, or at any age if she has in her care unmarried children under the age of 18, amounts to three-fourths of 

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