Social Security benefits depend mostly on our own work history, although this can sometimes change for some United States citizens. Not only former workers can cash a Social Security check.
In addition to this group, other Americans may get payments. These other groups are those who are directly dependent on someone else’s benefits. This group includes widow(er)s or spouses, for example.
If you are in this group, you should know that the GPO may reduce your Social Security benefit. And it doesn’t just reduce it a little bit, but in most cases, it reduces it by a really big amount.
For that reason, that group of people should be very careful about when to apply for a Social Security check and under what conditions they can apply. Do you know the best time for you to be able to apply for retirement?
HOW DOES THE GPO AFFECT SOCIAL SECURITY BENEFICIARIES?
The GPO is nothing more than the Government pension offset. Through this Social Security rule, citizens who have not paid SSA taxes while working will see a two-thirds reduction in their government benefit. This causes the check to take a huge reduction.
In these cases, it is best to have some other source of income, as we may not have a sufficient payment between the two family benefits. In any case, the main benefit will not have any reduction, since it will be only the spouse’s benefit.
While it is true that this situation is real, the truth is that in many cases we find that we could get extra money. Whether through Supplemental Security Income or some other benefit, the payment will come in a little larger.
UPCOMING SOCIAL SECURITY PAYMENTS
In the next few weeks the Social Security Administration will be sending out new checks to its retirees. Regardless of the type of retirement they have, new groups of retirees will get their payments.
In total there are two more days to collect the benefit in October. These days will be the 18th and 25th of this month. Only post-1997 beneficiaries will get payment on these days. Even so, there is one more requirement to know the exact day of the collection.
October 18th is for retirees born between the 1st and 10th of the month. The 25th of the same month will be the last payment of October and will arrive only to retirees with birthdays between the 21st and 31st of the month.