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Newspaper
Brady Standard
Location
Brady, Texas, United States of America
Date
Nov 02, 1973
Page
5
A new program allows limited retirement income to not reduce supplemental security payments. The first $20 monthly retirement income including Social Security generally won’t affect federal payments. Individuals may work and still qualify for these payments. The first $65 of monthly earnings won’t count toward SSI, and only half of remaining earnings will count.
San Angelo officials remind that starting January 1974 the Federal Supplemental Security Income program replaces state aid for aged blind and disabled people with low income. Eligible individuals 65 or older or blind or disabled will receive at least 130 dollars monthly for singles and 195 dollars for couples, with prior state payments preserved.
Talbot explained asset limits for federal payments. A single person can have assets up to 1500 dollars and still qualify. A couple living together may count up to 2250 dollars. A home generally isn’t counted as an asset.
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