Social Security Survivor Benefits- The Thing Women Should Learn About
When Social Security was initiated back in 1935 it was typical for women to remain inside home to raise the family. In a large number of families the husband was the major earner or the only earner in the household. Furthermore, women statistically outlive men, especially if the wife is younger compared to the husband.
The coincidence of lower or no earnings and a longer life span implied many women got themselves in poverty at the time their husbands died, as their husband's Social Security retirement benefits expired at their death. The Social Security Board recognized the challenges that women face and have adopted several modifications to the system over the years to account for these needs.
One important amendments to the Social Security plan was to enable women to apply for benefits at 62 in place of waiting until 65 under the assumption that they were younger than their husbands and that they would like to retire simultaneously.
Then in 1939 two new categories of benefits were included: Social Security survivor benefits and dependent benefits (to be paid to the spouse and minor kids of retired employees).
These modifications transformed Social Security from a retirement program that only paid benefits to retired employees into a family-based plan, where spouses and children could receive benefits of retired, disabled or departed workers. This was an incredible help to women who were not eligible for retirement benefits on their own, or who had considerably smaller benefits than their husbands.
Today, although it's not uncommon for women to earn as much or greater than their spouses, they still may take time off to look after families, and they still typically live longer than their spouses. Moreover, the number of divorced women attaining retirement age is higher than it has ever been. Because of this, a number of women still get Social Security spousal benefits or survivor benefits instead of benefits depending on their own job period.
So it's necessary for women - no matter what their marital status is - to learn the spousal and survivor benefits offered to them in addition to the retirement benefits so they can enjoy the highest benefits they are eligible to.
Don't Forget About The Social Security Spousal Benefit
Can a spouse collect on her husband's social security if she reaches retirement age before her husband? No. In order for a wife to collect Social Security benefits on her husband's earnings the following requirements must be met:
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