Viewing page 8 of 17

This transcription has been completed. Contact us with corrections.

(after 10 years at an average monthly wage of $100), your widow's benefit would be three-fourths of that, or $20.63. In addition there would be one-half the amount of you benefit, or $13.75, for each child, making a total $48.13 for the family, until the first child is 16 years old, or 18 if still in school.

As the children grow up, their benefits stop, and finally when they are all over 18, the widow's benefits stop until she is 65. If she does not marry again, she may receive a monthly payment of three-fourths of her husband's benefit (in this case $20.63) for the rest of her life after age 65.

Or take the case of an unmarried daughter who has been her parents' sole support. If she should die after earning wage credits that would have given her a benefit of $30 a month, each of her parents, at age 65, could receive $15 a month, or $30 for the two.

On pages 12 and 13 are other examples of family benefits.

Example of the $10 minimum payment to family: Suppose that when you reach 65 you have not had full-time work for several years and your monthly insurance benefit would figure to be only $4. As the minimum primary monthly benefit payable is $10, you would receive $10, and your wife's payment would be half of that, making $15 for the two of you. At your death she would receive the minimum family benefit of $10, even thought the amount as calculated would be only $3.

Examples of maximum payments to family: Suppose you have worked steadily at good pay, and your monthly benefit, when you retire, comes to $50 a month. Suppose your wife is younger, and would get no monthly benefit now, but you have two dependent children under 18. Each child's benefit would be one-half as much as yours. That would mean a total payment to your family of $50 plus twice $25, or $100 a month. Under the limit in the law, only $85 would be paid.

In case of your death the same limit would apply. Your widow would be entitled to three-fourths of your $50, or $37.50, but with each child receiving $25, the total for the family would go to $87.50, which is beyond the top limit. The most your widow and children could receive altogether would be $85.

[10]