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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 23, 1952)
TWELVE MEDFORD (ORE60H) MAIL TRIBUNE Sunday. March 29. lft Social Security Benefits Told by Medford Manager A self-employed person, age 65 or older, may become fully insured and eligible for month ly retirement benefits after he is credited with only six quart ers of coverage under the Social Security act, according to Olin K. Kimbrel, manager of the Medford Social Security office. Persons whose coverage is en tirely in self-employment activi ties may earn the six. quarters during the period Jan. 1, 1951 to June 30, 1952. Kimbrel cautions, however, that it will not be possible for self-employed people to reach the top benefit of $80 a month until after the end of 1952. In most cases, self-employed people who retire and file claims for retirement benefits during 1952 will find their benefit amount reduced because they filed their claim too early. Credited Later This is caused by the fact that 1952 earnings from self-employment are not reported or cred ited to the Social Security ac count until after the end of the year, Kimbrell says, therefore, the 1952 earnings will not count if the claim for benefits is filed before Jan. 1, 1953. Kimbrel stated that each claim for benefits received in his office will be examined to determine if it would be to the advantage of the claimant to withdraw the claim and then re file after the end of the year when the self-employment earn ings for 1952 will be retroactive, as far as the benefit payments are concerned, to July, 1952. Therefore, it will be to the ad vantage of most self-employed people to wait until January, 1953 to file their claims and thus become entitled to a higher monthly benefit. Retroactive Due to the retroactive feature of the law, benefits for the last six months of 1952 may then be paid at the higher rate. The net result will be a higher perman ent rate of payment with no ac tual loss of benefits. In most cases the six month delay in fil ing the claim will make a sub stantial difference in the amount of the monthly payment and this difference is in favor of the claimant, the Social Security of ficial states. As an example, self-employed people whose earnings are $3,600 for 1951 and also for 1952, may become eligible for the top bene fit of $80 a month if -they wait until January, 1953 to file their Motor transport, amorers' quartermaster, radio, telephone eiectricians and field telephone schools are among those main tained by the U.S. Marine Corps. claim. If the claim is filed In 1952 the highest benefit amount would be $65 a month. The per son who waits until January, 1953, will then receive retroac tive payments at $80 a month for the last six months of 1952 if he was over 65 and was actually retired in all of those months. Counseling Urged Self-employed people who are 65 or over, and who are considering retirement during the last half of 1952, are urged to contact the Social Security of fice, 33 North Rivef side avenue, Medford. Each person is assured by Kimbrell of a private inter view concerning their own par ticular case. Advice will be given as to the best course of action to take in order to receive the highest amount of monthly retirement and family benefits. TOO LATE TO CLASSIFY PUMICE STONE, LAY-TITE CHIM NEY BLOCKS AND TRASH BURN ERS FARMERS' LUMBER CO. So. Riverside at Barnett Phone 2-54S2 FOR SALE Vi Acre irrigated, fruit trees, on bus line. Price $1350 cash. Ph. 2-9449. SMUDGE OIL FOR SALE in small quantities or carload lots at Sam son's. Arrange now for your Smudge Oil requirements. Phone 2-5295. 1 ROOM Apt. Ph. 2-6338. working girl preferred. MURREY'S LOW-PRICE Bicycle Shop. 115 S. Holly. HIGH INSULATES GOOD HOMES H. C. HIGH 124 N. Riverside Ph. 2-246 1 YELLOW ONION SETS, 2 lbs. for 39c. OAKDALE MARKET FOR SALE John Deere Model B tractor. $650: and a VAC Case. $750. HUBBARD-WRAY CO.. INC. 25 S. Riverside Medford. Ore. GLADIOLUS BULBS MIXED COLORS. 3 doz. for SI. OAKDALE MARKET FERTILIZER for Lawn and Garden. The proper use of a balanced fer tiizer pays big dividends in in creased production. Let the F. E. Samson Co. supply you with your needs. YELLOW ONION SETS, 2 lbs. for 39c. OAKDALE MARKET Day old chicks every Thursday. JACKSON COUNTY FEED CO. Court McAndrews GLADIOLUS BULBS MIXED COLORS. 3 doz. for SI. OAKDALE MARKET ENGLISH DAISIES EXCELLENT BORDER PLANTS $1 Box OAKDALE MARKET ORDER EARLY Select . Green Fir Slabs. MEDFORD FUEL. Tel. 2-2111. ENGLISH DAISIES EXCELLENT BORDER PLANTS $1 Box OAKDALE MARKET REUB NELSON'S Motor Service will go anywhere any time. Ph. 3-3200. LOST White, black and brown male hound, named Bugle. Ph. Cent. Pt 484 collect. Liberal reward. FOR SALE Surfaced 4x4 redwood posts Shiplap 12 in. boards & dimension Low priced. R. O. STEPHENSON CO. 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