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Guaranteed Minimum Pension For Widows
Losing a husband is never easy to get over emotionally and the problems are further compounded for widows when they realize that they might not get pension from their deceased spouses’ retirement plan. However, what many widows do not know is that they can get guaranteed minimum pension benefits from Social Security at the age of 60, or 50, if they are disabled, on deceased spouses account. |
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In most cases it has been seen that guaranteed minimum pension for widows is available. The widow can begin to receive one benefit at a reduced rate and then she can switch over to another benefit at an unreduced rate at the age of 65. However, the rules vary and if you are in this situation, you should try to get as much information as possible to see what you are eligible for. You can get all the information on guaranteed minimum pension for widows from the Internet, or from a Social Security representative who can guide you.
Guaranteed minimum pension for widows ensures that you get one-half of the retired worker’s full pension benefit. However, if your deceased spouse had taken the benefit before reaching the age of 65, the amount of the guaranteed minimum pension for widows will get reduced to 37.5 percent unless you are taking care of a child who is either disabled or under 16 years.
If you are eligible for your retirement benefit as well as your deceased spouse’s benefits, you will get your benefit first. However, if your deceased spouse’s benefit is higher than your benefit, you will receive will receive a combination of your benefits and your spouse’s benefit totaling to the higher benefits of your deceased spouse.
In cases where the husband dies before reaching the age of retirement, the widow of the deceased insured worker receives a monthly benefit equal to 100 percent of the deceased work’s PIA. However, this is only at the normal age of retirement. A reduced guaranteed minimum pension for widows can be claimed at an age of 60. However, this benefit will be reduced if the deceased work had claimed retirement benefits before his normal age of retirement and was receiving the benefits at the time of his death. If there are children present, then the widow receives 74 percent of the husband’s PIA at any age as long as she is caring for the children who have to be either under 16 or disabled.
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