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New Braunfels Herald Zeitung: Friday, December 11, 1987 - Page 8

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   New Braunfels Herald-Zeitung (Newspaper) - December 11, 1987, New Braunfels, Texas                                New Texas December Social Security to upgrade ability to estimate benefits WASHINGTON AP Social Security Commissioner Dorcas Hardy says that sometime in 1988 her agency will be able to give workers estimates of their potential retire ment benefits and how much their families will receive if they die or become The new Personal Earnings and Benefit Statement also will include how much Social Security tax workers paid each a fact omit ted from the agencys current earn ings The new benefits information will be available to workers of any Hardy the agency provides estimates of future retire ment benefits to workers only if they are 60 or Hardy also said Thursday that a single tollfree telephone number may be established for people to call to apply for benefits or seek other services from Social Actuaries and computer program mers are still devising the software to implement Hardys which she said will tell people how much they can expect to get in todays dollars if they retire at ages 65 or Hardy released a draft of the new benefit which she said was still being reviewed by agency Were not quite there she 1 think we can get it done by spring or The current summary statement of earnings lumps all earnings together from 1951 through the early 1980s and breaks out annual earnings only for the most recent three Hardys agency urges workers to request a statement of earnings at least every three years to ensure that the wage records are On another Hardy said she has nearly completed drafting a legislative proposal to eliminate the socalled retirement which reduces the Social Security benefits of beneficiaries under age 70 who keep Those 65 through 69 now lose for each they earn over They will be penalized for ear nings over in Eliminating the retirement test im mediately for those ages 6569 would cost the trust funds billion over five but that would be offset to a large degree by additional payroll and income she Legislation is already on the books to reduce the penalty in 1990 to for every earned over the exempt According to the Mercer Meidinger 1987 Guide to Social prepared by former Social Security actuary Robert a 45yearold worker earning or more a year can expect a month in todays dollars when he retires at If that same worker died at his widow and children could each receive a up to a family maximum of The benefits end when the youngest child turns A widow can go back on Social Securi tys rolls at The MercerMeldinger guide says if that 45yearold is he would get a month and his fami ly MercerMeidinger is a private con sulting firm specializing in employee Its headquarters are in 25 OFF Original Price Kntirc Stock of Vanity Fair Sleepwcar Her holiday gift robe of I ii n t s I c r n or An tron III Glisanda pajamas and coals to In soft sizes 30 OFF Kntirc Stock Ocean Pacific voting juniors and active sport swear in the looks theyre looking Screen print knit am woven jackets and more in all cotton or cot All bright ideas for in color and and young Boys 4 7 and 25 OFF Dress Shoes Mini ami Fvery thing from fun flatto party pump fur her from Life Impo Tube winy slipon and tic leather for him from Nunn Bush and Stacy jlor vary by Vims Corduroy Sport traditional fit in cotton corduroy detailed with inside extra pockets and leather In Leus Dockers for relaxed fit and feel in garment washed cotton with pleat belt loops and pockets 3038 3034 Mens great lookn in textured assorted stripes and From Trophy Sundays and Nilr 1rioil Single needle tailoring and great it in machine jMily ecru and 25 OFF Selected Brand Name hipsters and hicuts from Vanity Olga Maidenform and Sizes 25 OFF All Special Occasion demicup and con vertible bras from Vanity Strouse Adler and 30 OFF Brushed Back Satin Sleepwcur for Her luxurious long gowns and sleep shirts with tucks and Or classic shirt and pajamas in carefree poly 30 OFF N clour Loungers for color block motif and color pullon snuggly comfort for weekend Sizes Now Braunfels Courtyard Center 10 to 9 to Sunday   

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