Posted by As we all know, retirement benefits in the United States are very generous, which is why the elderly in the United States can age gracefully "without touching porcelain."So, what are the retirement benefits in the United States?In fact, American pensions are mainly composed of four parts:Social security benefits, some company and government pensions, corporate pension plans, and individual pension plans.
Social security benefits include pensions, federal medical insurance, disability benefits, and survivor benefits established by government departments and companies for employees.The social security benefits issued by the Social Security Administration (SSA) are referred to as Social Security Funds for short.
2018 major changes in social security benefits in 7
1,Social Security Fund increased by the most in 6 years
In 2018, due to inflation, retired workers who enjoy social security benefits can receive an average of US$27 per month.Although the amount seems to be small, this is the largest increase in the amount in six years.
Of course, not all people will benefit, and some people's social security funds will not increase.For people who already enjoy white card benefits, your white card expenditure will also increase, but the increase will be less than the increase in social security funds.
2,The highest social security fund increased by US$101 per month
If you can meet the conditions for receiving the most social security benefits when you retire, the social security benefits you receive in 2018 will increase by US$101 per month to US$2788 per month.So, how is the social security fund calculated?
When calculating your income, the Social Security Bureau will consider your working hours and income history.Although the algorithm is a bit complicated, you can simply look at how social security funds are calculated.
The first step is to take the total annual income of the highest 35 years (after adjusting for inflation, the $1980 in 5 is of course much more valuable than the $2010 in 5. The Social Security Bureau has an annual inflation coefficient, which is finally converted into a unified basis. Value), if you haven’t worked for 35 years, take the sum of the income of all working years.
The second step is to divide the total income by 35 and then divide it by 12 to get the average monthly income.
The third step is to calculate the pension under the normal retirement age (take 2012 as an example): the first 767 is converted to 90%, the range from 767 to 4624 is calculated to be 32%, and then 15%.For example, if a person's average monthly income is 4762, then this person's pension is: 767×0.9+ (4624 – 767) x 0.32 + (4762 – 4624) x 0.15 = 1945.
According to the above algorithm, only one out of every 10 Americans can get the highest social security fund.
3,The ceiling will be raised to pay more taxes
Although Trump's tax reform plan has many preferential policies for the rich, high-income earners still have to pay more taxes.According to the current social security tax rate, in 2017, for people with incomes between US$0.01 and US$12 and their employers, both employers and employers will have to pay a total of 7200% social security tax.By 12.4, the income ceiling will be raised to $2018.
If hired, the worker and the employer usually pay half of this tax.This means that the vast majority of people have to pay a 6.2% social security tax, and this part of the money will go to the social security fund.
In 2018, as the maximum tax amount rises, people with an income of more than US$12 will pay at least US$8700 in social security taxes, and this money will also go to the Social Security Fund.
4,If you want to retire adequately, you have to wait a few more months
In 2017, the adequate retirement age is 66 years and two months, and it will increase by two months in 2018. In 2018, for people born in 1956, new retirees must wait until they reach 66 years and 4 months before they can get 100% social security benefits.
如果66歲就退休，其社安福利金將縮水6.7%。65歲退休社安金將縮水13.3%，64歲退休將縮水20%，63歲退休將縮水25%。究竟各個年齡層需要多少歲退休才能拿到100%的社安福利金，可以參考《美國退休年齡一覽表》。
5,Retirement and work benefits are affected
You can continue to work while receiving social security payments or survivors' benefits.However, if you are under the age of sufficient retirement age, and your income from work exceeds a certain standard, your social security funds will be reduced.
In 2017, if you were born between January 1955, 1 and January 2, 1956, your adequate retirement age is 1 years and 1 months in terms of social security funds.If you work and have reached or exceeded the sufficient retirement age, you can retain all benefits regardless of your work income.
If you have not reached a sufficient retirement age, there will be restrictions on work income if you want to receive Social Security in full while you are working.If you have not reached the sufficient retirement age for the entire year of 2017, the portion of your work income that exceeds US$1 will be deducted by US$6920 for every US$2.
In 2018, the deduction amount will rise to $1.
Also note that these reductions are not lost.Your benefits will be returned to you in an increased form when you reach a sufficient retirement age to make up for the benefits deducted from the income from previous work.
6. Increased social security funds benefit young people
Not only do retirees receive social security payments, more than 1000 million disabled people in the United States also receive social security payments.
In 2018, the social security payments received by the disabled will also increase slightly.The monthly social security payments for non-blind people with disabilities will increase by $10 to $1180 per month.The subsidy for the blind will increase by US$20 per month to reach US$1970 per month.
7,Income from social security points must be increased
People who are not citizens of the United States must have social security benefits.In order to enjoy social security funds, two major conditions must be met: 1. Meet the retirement age; 2. Have at least 40 "points" of tax payment work records.To reach 40 "points", you have to work for at least 10 years, because you can only get 4 "points" each year.
In 2017, you will get 1300 "point" for every $1 in tax income.Therefore, if the annual income before tax deduction reaches US$5200, all 4 "points" can be obtained.
By 2018, you can earn 1320 "point" for every $1 in tax income.Therefore, to obtain all 4 "points", the annual income before tax deduction must not be less than $5280.
You don’t need enough points to receive social security funds under three special circumstances
Regarding the conditions for enjoying social security benefits, there are three special circumstances that are exceptions.The beneficiary does not need to meet the 3 "points" requirement, but can receive social security benefits.
1. According to the regulations of the Social Security Bureau, if I have met the conditions and started to receive social security benefits, his (her) spouse can receive half of the taxpayer’s pension even if he or she does not work for a day (will not affect the taxpayer) The amount of its own social security benefits).
If the spouse himself is also eligible to receive social security benefits, he can still choose to receive half of the main taxpayer instead of his own part. The concept of "half" also applies to ex-spouses.If the previous marriage lasts for more than 10 years and "half" the recipient does not remarry, he or she is still eligible to receive half of the predecessor's pension.
2. Another special situation is that the survivors of taxpayers who died prematurely, such as spouses and minor children, can receive the corresponding social security benefits even if they do not have any "points" for work.
3. There is also a special situation. Taxpayers who receive disability benefits in social security benefits due to their disabilities can receive social security benefits in advance at the age of 60 and are eligible for social security benefits.
Chinese with a green card can enjoy social security benefits from the United States for no more than half a year
Many Chinese are often confused about the welfare relationship between identity and social security funds.In principle, as long as they meet the seventh qualification, both citizens and permanent residents are entitled to social security benefits.
The difference is that U.S. citizens can receive social security benefits if they live anywhere in the world, while permanent residents with green cards who leave the United States for more than 6 months will lose their eligibility to receive social security benefits unless the green card holder The country of residence and the United States have signed a mutually beneficial tax treaty.Only Japan, South Korea and the United States have such reciprocal treaties in Asia.
If a U.S. citizen's country or region is "blacklisted" by the U.S. government (such as North Korea), his or her social security benefits will not be remitted, but will remain in the account and receive it after he or she returns to the United States.
(This article comes from the Internet and is published after editing on this site)
