Benefit Amount
How Much Money Can a Divorced Spouse Receive?
A person who is divorced after at least 10 years of marriage keeps certain benefit rights on their former spouse’s Social Security record. In order to get benefits, a divorced spouse must be at least age 62 and the former spouse must be eligible for benefits, but not necessarily receiving them. The maximum benefit is 50% of the [...]
What Is the Minimum Social Security Amount Payable?
There is no minimum monthly Social Security benefit, although for administrative reasons, we will not pay a benefit of less than $1. However, to receive any amount of Social Security benefits, you must have the minimum amount of work credits. Everyone born in 1929 or later needs 40 credits to be eligible for retirement benefits. [...]
What Is the Maximum Monthly Social Security Retirement Benefit?
The maximum Social Security benefit depends on the age a worker chooses to retire. For a worker retiring at age 66 in 2010, the amount was $2,346. This figure is based on earnings at the maximum taxable amount for every year after age 21. Share this:EmailFacebookRedditStumbleUpon