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Is there a $1200 special Social Security earnings credit for veterans?
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Can special earnings be credited to my military pay record?
Oct 6, 2022 · For every $300 in active duty basic pay, you are credited with an additional $100 in earnings up to a maximum of $1,200 a year. If you enlisted after Sep. 7, 1980, and didn't complete...
Jan 13, 2022 · Under certain circumstances, special earnings can be credited to your military pay record for Social Security purposes. Since 1957, if you have earnings for active-duty military service or active-duty training, your military service earnings have been covered under Social Security.
Oct 31, 2021 · Many people who served in the military from 1940 to 2001 are eligible for extra wage credits that are added to the earnings record used to calculate monthly Social Security payments.
You can get both Social Security benefits and military retirement benefits. Generally, there is no reduction of Social Security benefits because of your military retirement benefits. You’ll get your Social Security benefit based on your earnings and the age you choose to start receiving benefits.
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Military service members who spent time on active duty (or active duty for training) from 1957 through 2001 may have extra Social Security wage credits added to their earnings record. Read to learn more about eligibility.
Oct 10, 2018 · Military personnel who were active during certain times can receive an extra wage credit. Read to learn more about eligibility for these special credits.
Jun 21, 2024 · Some veterans are eligible for extra social security credits. Learn how your Social Security pay is impacted by military service and get tips on how to increase your benefits.