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SOCIAL SECURITY DISABILITY LAW GLOSSARY |
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Glossary of Social Security Disability Law Terms
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- R -
Representative Payee
If you receive Social Security benefits or Supplemental
Security Income and become unable to handle your own
financial affairs, a relative, friend, or an interested
party is appointed to handle your Social Security matters.
Retirement Age - Full Benefits
Full retirement age was 65 for many years. However,
beginning with the year 2000 (for workers and spouses born
1938 or later, or widow and widowers born 1940 or later),
the retirement age increases gradually from age 65 until it
reaches age 67 in the year 2022.
Retirement Age - Minimum
The minimum age for retirement-age 62 for workers, and
age 60 for widows or widowers. You can choose a reduced
benefit anytime before you reach full retirement age.
Retroactive Benefits (Back Pay)
Monthly benefits that you may be entitled to before the
month you actually file an application, if you meet the
entitlement requirements.
Replacement rate
The amount of pre-retirement earnings that Social
Security benefits replace. A way to gauge the adequacy of
retirement income.
DISCLAIMER: The
information contained within this Social Security Disability Website is of a general nature
and is not meant to be a restatement of any rules of law. Your
use of this site does not create an attorney-client
relationship. You should hire an attorney to obtain legal
advice for your specific case.
© Copyright 2005,
Consultwebs.com, Inc., All rights reserved. Social Security Disability Law Glossary.
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