1 / 6

Understanding Retirement: Social Security and Age Reduction

Learn about the history of Social Security retirement benefits, age provisions, and impact on benefits with early or late retirement. Discover how life expectancy influences retirement decisions and the New Social Security changes. Explore the consequences of retiring early or late on your financial security and future benefits. Witness real-life workplace issues that can escalate with tragic consequences.

tania
Télécharger la présentation

Understanding Retirement: Social Security and Age Reduction

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Social Security Amendments of 1956 lowered the minimum age for retirement benefits to 62 for women. The Social Security Amendments of 1961 extended the early retirement provision to men. “From now on I'm free to do what I desire ...”

  2. How Retirement works • Your Social Security benefits will decrease by 20% if you retire at 62 when you are suppose to retire at 65. • Your Social Security benefits will decrease to 30% if you retire at the age of 62 when you are suppose to retire at 67.

  3. Life Expectancy Vs. Retirement • 1930 - 59.7 both sexes • 2005 - 77.8 both sexes • Age of retirement has been extended by the rate of 2 months a year during.

  4. The New Social Security • Gives an individual a retirement benefit plan for the age of 62, 66 and 70. • If you retire early, you will get less money. • If you retire late, you will get more money!

  5. Poor Oney • “As the workin' man who put his point acrossWith a right hand full of knuckles'Cause today I show old Oney who's the boss.”

  6. Workplace Shoot Outs • 1995 July 19th. - USA, California, Los Angeles, C. Erwin Piper Technical Center: a 42-year-old city electrician shot 4 supervisors to death

More Related