Pittsburgh, also known as the “City of Bridges,” is the second largest city in the state of Pennsylvania. According to SeniorAdvisor.com, seniors over the age of 65 make-up more than 15% of the city’s population. Most seniors rely on Social Security as their main source of income. Seniors enjoy the diversity and low cost of living that Pittsburgh offers. The city of Pittsburgh makes senior living easy by offering senior housing that is 55% less than the national average cost.
The Social Security Act was signed into law by President Roosevelt in 1935. Part of the act created a social insurance program that was designed to pay retired workers continuing income after retirement.
The National Academy of Social Insurance defines social security as the “foundation of economic security for millions of American.” About one in every four families receives income from the federal Social Security program. Employers deduct Social Security taxes from their employee’s income, which is then paid back to them at retirement.
The Social Security Administration has a toll-free number for all of its Social Security offices. You can reach them by calling (800)-772-1213. Pittsburgh has three Social Security offices. They are located at:
Pittsburgh Social Security Office 15222 921 Penn Ave. Pittsburgh, PA 15222
Pittsburgh Social Security Office 15228 650 Washington Rd. Pittsburgh, PA 15228
Pittsburgh Social Security Office 15206 6117 Station St. Pittsburgh, PA 15206
Visit the nearest Social Security office on Monday, Tuesday, Thursday, or Friday from 9:00 am – 4:00 pm. On Wednesdays, the office is open from 9:00 am until noon. Social Security offices are closed on all federal holidays.
Social Security is based on a system of credits. You need to earn 40 credits to qualify for Social Security benefits. You can earn up to four credits per year, so it takes a minimum of ten years to qualify for Social Security benefits. As of 2015, you would need to earn a minimum of $1,220 to get one Social Security work credit, and $4,880 to get the maximum four credits for the year.
Total benefits are based on the 35 years that you earned the most money. This means the Social Security Administration will factor the highest earning years, whether they are consecutive or not. If you have less than 35 years of earnings, each year with no earnings is factored at zero, but you will still have some Social Security benefits available to you. Working part-time can increase your benefit to compensate for years that you have zero income. The amount that you receive is based upon your age at retirement. The maximum monthly benefit that someone can receive is $2,663. The official Social Security website has a Retirement Estimator that allows you to calculate your own benefit. It’s possible to retire beginning at the age of 62, but your Social Security benefits increase each year that you delay retirement. You could receive a benefit of up to 32% more by delaying retirement to age 70.
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