VETERANS’ RETIREMENT BENEFIT
ALERT
|
Since 1957, if you had military service earnings for active duty (including active duty for training), you paid Social Security taxes on those earnings. Since 1988, inactive duty service in the Armed Forces reserves (such as weekend drills) has also been covered by Social Security. Under certain circumstances, special extra earnings for your military service from 1957 through 2001 can be credited to your record for Social Security purposes. These extra earnings credits may help you qualify for Social Security or increase the amount of your Social Security benefit. Special extra earnings credits were granted for periods of active duty or active duty for training. This program ended year-end 2001 If your active military service occurred:
|
|
How Your
Credit Gets Applied For Extra Earnings
Service in 1957 Through
1977
You are credited with $300 in additional earnings for each calendar
quarter in which you received active duty basic pay. Service in 1978 through
2001
For every $300 in active duty basic pay, you are credited with an
additional $100 in earnings up to a maximum of $1,200 a year. If you enlisted after September 7, 1980,
and didn't complete at least 24 months of active duty or your full tour, you
may not be able to receive the additional earnings. Check with
Social Security for details. Your DD-214 will be requested as part of your intake procedure for
the Social Security Retirement Application process.
If you don’t have your DD –214 CLICK HERE TO ORDER IT
FOR FREE. |