Entitlement Factors
Certain requirements must be met before a person becomes entitled to RIB. These requirements are based on both age and payments made into the Social Security System through payroll taxes. These are:
- Be fully insured under the Social Security system
- Have obtained the age of 62 by the first of the month.
- Have either applied for the benefits or have been automatically converted from Disability Insurance Benefits at Full Retirement Age.
Read more about this topic: Retirement Insurance Benefits
Famous quotes containing the word factors:
“I always knew I wanted to be somebody. I think that’s where it begins. People decide, “I want to be somebody. I want to make a contribution. I want to leave my mark here.” Then different factors contribute to how you will do that.”
—Faith Ringgold (b. 1934)