BASIC (11-81)

NL 00711.070 Application Paragraphs

2000. TO GO WITH INITIAL APPLICATION—REDUCED BENEFITS

If you decide to take the benefits between age 62 and age 65, the amount of your monthly payments will be reduced. The amount of the reduction depends on the number of months between the time you start receiving benefits and the month you reach 65.

The table in the enclosed publication gives some examples of reduced monthly benefits.

NOTE TO TYPIST: Enclose SSA Publication No. 78-10047 (or current revision).

2001. CLAIMANT (AGE 65) HAS MADE AN ADVERSE ELECTION

On your application, you asked to have your benefits begin with   (a)   .

You are eligible to receive reduced benefits beginning   (b)   . If you elect   (c)   , your monthly benefits will be   (d)   . If, on the other hand, you elect   (e)   , the month you attained age 65, your monthly benefit will be   (f)   . The rate which you select will remain fixed.

Although the   (g)   rate is   (h)   higher than the   (i)   rate, it will take approximately   (j)   year to make up the difference between receiving and not receiving benefits from the earlier date.

We have enclosed a form SSA-795. Please check the month you wish to receive benefits.

2005. APPLICATIONS IN WHICH WAGE EARNER HAS NOT BEEN ADVISED OF 202(q) BENEFITS

You are eligible for reduced monthly benefits as early as     . If you elect     , your monthly benefit amount will be     . If you wish your benefits to begin effective with        , the month in which you reach age 65, you will receive your full monthly benefit amount of        . Your benefit will increase with each month of election nearer to the month you reach age 65.

2010. RETROACTIVITY—APPLICATION

A person is entitled to benefits beginning with the first month in which he meets all of the requirements for entitlement. However, he may not receive retroactive benefits for more than 12 months before the month in which he filed his application.

2010.1 MONTH OF ELECTION

A person whose benefits will be reduced for age is not permitted (with certain exceptions) to elect any month before the month of filing as his first month of entitlement.


To Link to this section - Use this URL:
http://policy.ssa.gov/poms.nsf/lnx/0900711070
NL 00711.070 - Application Paragraphs - 05/04/1999
Batch run: 01/27/2009
Rev:05/04/1999