Social Security calculator, a tool that helps people calculate the Social Security benefits that they can receive through their retirement income, is now out of production, according to a statement from the company.
Social Security is a program of the U.S. federal government, established by Congress in 1935.
It pays about 70% of benefits.
The calculator is no longer maintained, according the company, which is based in New Jersey.
But it’s not the only tool that’s gone.
Some other sites are also offering similar calculators that claim to show how much money seniors can receive.
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(CBC News) Some of the most popular calculators are using old data from the Social Safety and Medicare Trust Fund, which runs a program that covers retirees who live longer than 65.
The Trust Fund is funded by taxes paid by the average American worker.
The program is run by the U: Social Security Administration and relies on a set of assumptions to make its calculations.
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(Social Security calculator) One of those assumptions is that the average worker will receive about $11,400 annually over the course of his or her lifetime.
“For people who earn more than that, it means that the Social Services Administration will assume that they will receive $12,000 per year,” said Sarah Kessel, a senior policy analyst with the progressive group Tax Policy Center.
“That’s a lot of money.”
She said many people who don’t make that much are not entitled to Social Security.
That could mean seniors who are making much less than the average income of a worker, and are therefore not eligible.
Social workers and other advocates for older workers have been pushing to change those assumptions.
That means the calculator may no longer be accurate.
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(Canadian Association of Social Workers) A social worker or social worker assistant at a hospital, for example, would use a Social Security-related tool to determine how much an older worker could receive.
If the social worker’s employer pays them more than the $12k, the social support calculator would report that as a shortfall.
Social worker calculator: Social workers will get an annual $100 benefit (Canadian Social Services Agency) The Canadian Association of State Social Workers has been working to get Social Security beneficiaries the benefit they are entitled to.
The agency said in a statement that it is “committed to ensuring that Social Security recipients receive a fair and equitable share of the benefits received by older Canadians, including the $100 annual Social Security benefit, as well as other benefits.”
The Canadian Social Services Association also said that if the Social Service Benefit Plan is not expanded as part of a balanced budget agreement, the Social-Security benefit plan will be affected.
The Social Security Disability Insurance Program (SSDI) also faces some problems.
It is currently being phased out and replaced by a separate system for older Canadians.
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(The Social Security Foundation) Many people may be unaware that they are not eligible for the SSI, but they are, said Christina Emslie, a program director with the Social Science and Humanities Research Council.
“If your child is 65 or older, and you’re getting Social Security and you don’t qualify for Social Insurance, you could end up paying into the SSVI and you might not be entitled to benefits at all,” she said.
“And then your employer could go out of business.”
If you don.t qualify for the Social Insurance and Pension Insurance Program, or SSIP, you may qualify for both.
If you’re over age 65 and receive Social Security, you can be eligible for either program.
The SSIP is designed to pay benefits to people who meet certain criteria, such as being a full-time employee, making more than $110,000 annually, or being married and filing joint returns.
The benefit is a lump sum and can be paid monthly, or over time, depending on how much you earn.
The benefits are paid to the person’s spouse, dependents and children.
You can also get payments by claiming unemployment insurance or unemployment tax credits.
Social Services Canada, which oversees both programs, is working to update the programs so that all people who have received benefits are eligible.
But for some, the old systems may still be worth trying out.
“You’ll want to see how well it works before you go in and start making payments,” said Kessel.
“There are people who may qualify but not receive benefits, so it’s a good way to start.”
Read more: Social security FAQs: Social programs, how they work, what you need to know to understand them.
