Glossary of Social Security
Disability Law Terms
A
B
C
D
E
F
G H I
J
K L
M
N
O
P
Q R
S
T
U V
W
X Y Z #
- S -
Legal
Glossaries Index
Social Security:
While you work, you pay taxes into the Social
Security system, and when you retire or become disabled you, your spouse and
your dependent children receive monthly benefits that are based on your reported
earnings. The system also allows your survivors to collect benefits if you die.
Solvency:
The ability to pay off one’s legal debt. The Social
Security system is solvent when it can pay 100 percent of scheduled benefits.
Social Security uses payroll tax revenues to cover payments; if these fell
short, it would draw on the accumulated surpluses in the Social Security Trust
Fund.
Spouse:
The person whom you were legally married to at the time you
applied for benefits.
Supplemental Security Income (SSI):
A Federal supplemental income
program which helps the aging, blind, and disabled, who have little or no
income.
Survivor Benefits:
If you die, benefits will be paid to: your spouse
age 60 or older (50 or older if a disability rather than death occurs) or at any
age if the spouse is caring for a child under the age of 16; children age 18 or
younger (19 or younger if still in school); and your parents, if you provide at
least half of their financial support.
|
