Social
Security
SMU and each person employed by SMU make
contributions to this federally administered plan. Social Security provides several
benefits:
- Death
Benefit -- Spouse and children of Social Security
participants are eligible to receive a small
burial benefit, as well as monthly income.
- Long Term
Total Disability -- After five months from date of disability,
Social Security participants are eligible to begin receiving
disability income. This benefit continues as long as the
member is considered totally disabled.
- Retirement -- Retirement income
for participants is currently available at age 65 or on a reduced
basis beginning at age 62. (This will change for
persons born after 1947).
- Medicare -- Persons age 65 or
older are eligible for Medicare Part A medical insurance at age
65, but may wait until later to enroll for Part B if employment
continues beyond age 65.
Since Social Security
retirement
benefits and survivorship benefits are based on your contributions,
it is important to be sure your Social Security Earnings Record is accurate.
Click on
How to
Correct your Social Security Earnings Record to find out how.
For more information about Social Security visit the Social
Security website at
http://www.ssa.gov/SSA_Home.html.