Absolutely everyone sooner or later thinks about their future. It is believed that pensions in the United States are the highest compared to other countries. Is it so? In our article you can find more information about pensions in the United States of America.
Social program. General Bill Information
Last year, the United States social program celebrated its 80th anniversary. The bill was passed in 1935. It is worth noting that he never changed. Today, this bill covers about 96% of the total population. Every American can be sure that he will definitely receive a pension, despite the economic situation in the country and the change of government. Surprisingly, only at the beginning of last year, more than 50 million citizens received social security. These include retirees, people with disabilities and many other residents.
Many are interested in the question of how much pension in the USA is. This is no coincidence, because they pay it to residents regularly and without delay. For this reason, citizens of other countries often move to the United States for permanent residence.
Pension Formation Process in the United States of America
The United States has private and public pension systems. In this regard, each citizen can receive two or three pensions.
The private system operates through savings, and the state is formed by contributions from enterprises and residents. It is worth noting that only those citizens who have 30 years of service can receive social benefits in the United States of America. The average US pension is approximately 40% of wages.
Retirement Age in the USA
In the United States of America, the retirement age for different citizens can vary significantly. It depends on the year of birth of a resident. If a citizen was born in 1937 or earlier, then he can receive social security only after 65 years. Residents whose birth year begins in 1955 can only receive retirement from 66 years of age.
In the USA, the average retirement age for women is 65 years old and for men is 67. It is worth noting that if you decide to migrate to the United States of America in order to work there and continue to receive social benefits, then you definitely need to know and remember the following information. If you wish to retire ahead of schedule, then its size will be significantly reduced. For example, if you start receiving benefits three years earlier, then its amount will be reduced by 20%. If a citizen has never worked, then instead of a pension he receives the allowance established by the state. Usually it is 280 dollars. Almost everyone is attracted to a pension in the United States. The age of citizens who can receive benefits also depends on their place of work and length of service.
Minimum Pension in the United States
It is believed that in the United States of America - the best conditions for retirees. Absolutely all citizens receive social security, including those who have never worked. The minimum pension in the United States is $ 280-300. Translated into Russian rubles, this is about 18 thousand.
If a citizen has a short experience, his pension will be $ 600. It is for this reason that the United States of America often chooses migrants.
Military pension
The US military pension is the highest. The first bill on social security for former military personnel was passed in 1861. Over time, this decree was modified and supplemented.
Today, military personnel can be issued a US old-age pension in only a few cases - due to illness, length of service and upon reaching the appropriate age. It is worth noting that social security in the United States of America also relies on the families of the military who died. However, only those citizens who have been working for more than 20 years can count on retirement. To calculate the size of a pension in the USA, it is necessary to take into account the largest salary of a soldier in three years of continuous work.
If a citizen, having 20 years of experience, has not issued social security, the government annually adds an employee 2.5% of the pension. Social security for military personnel can also be issued for health reasons. If an employee has been working for no more than eight years, but cannot continue to work due to illness or injury, then a U.S. citizen's pension will be accrued only if problems with well-being arise from work. It must be remembered that the size of the pension cannot exceed 75% of the basic salary of an employee. In addition to social security, military personnel who have quit due to health reasons also receive benefits. Citizens can either receive the amount in their hands, or deduct it when paying taxes.
US Living Standards
According to the latest data, the average life expectancy in the United States of America is 78 years. Since 20 years, residents have been thinking about their future. As a rule, many citizens prefer to save money on accounts of private pension funds or to purchase shares and real estate.
A US pension allows residents who receive it to travel. Often, citizens receiving social security decide to take a serious step. They move to the city or country of their dreams. In some settlements there are even whole complexes for pensioners who decide to change their lives. On their territory there is a swimming pool, a golf course, billiards and much more.
Many people confuse complexes with nursing homes. They are quite different. In the complexes for people whose age exceeds 55, each has a separate cottage. On its territory all the conditions for a happy and carefree life are created. High pensions in the USA are connected with the fact that many receive insurance payments. It is for this reason that the size of the social security of many exceeds the established minimum.
Another positive quality of payments from the state of the United States of America is that the bill has remained unchanged for many years. Each pensioner can be sure that he will definitely receive well-deserved social security.
Education and work
Many migrants and residents of other countries are attracted to pensions in the United States. The size of social benefits is quite high. Despite this, many retirees find themselves a new job or decide to receive additional education. What is the reason for this?
After retirement, many U.S. citizens decide to study and receive another diploma. This is no accident, because often with age a person realizes that he has chosen the wrong profession. Most often, people of retirement age prefer the sphere of cinema, painting and music.
Often, after retirement, citizens decide to get a job. In the United States, about 30% of workers are known to be over 50 years old.
Pensions and benefits
Many migrants are attracted to US pensions. The size of social benefits in this state is much higher than in other countries. It is believed that the highest pensions in the United States are former military, civil servants, and airline employees.
The salary of technical workers is on average $ 8 thousand, and the pension is from 2-3 thousand. It is worth noting that in the United States of America there are no additional benefits for citizens of advanced age. This is no coincidence, because this feature is offset by low prices for clothing and food, as well as promotional offers and sales.
Reduction of military pensions
Two years ago, Barack Obama signed a bill that provides for lowering pensions for military personnel. This decree also applies to persons with disabilities. Now, former employees who made payments before reaching 62 years old will receive 1% less. This change seems insignificant. Nevertheless, having ten years of experience, over 40 years, you can lose 50 thousand dollars. This is about 3 million rubles.
This bill came into force last May. It will allow the state to save a significant amount. Many believe that such a decree affects the most worthy community group. They are sure that it would be more optimal to make an economically viable healthcare system. In addition, such changes caused a wave of indignation from pensioners. It is worth noting that about half of the defense budget of the United States of America is spent on social security for veterans.
Foreign Pension Taxes
Many people find out what kind of pension in the USA, and decide to migrate there. In this regard, almost everyone is concerned about the existence of taxes on social security from their home state. You can find all the necessary information in our article.
In the United States, social security from another state is taxed like any other income. It is worth noting that the tax bill provides a list of countries to which the United States gives up the right to recovery. These include the Russian Federation. According to the bill, migrants from Russia will have to pay tax in the territory of their native state. The purpose of such a decree is to avoid double taxation.
Several Ways to Get Social Security in the USA
Many believe that in the United States of America it is most comfortable living for those with low or high incomes. It is no secret that most migrants, wishing to receive a pension, go to extreme measures. The most popular way to get social security in the US ahead of time is through artificial aging. For this, the migrant will need to agree on the increase of age at the passport office. It is also necessary to change the date in the birth certificate. As a rule, in the United States of America documents are not checked, but only copied. This method will allow you to get a pension 5-8 years earlier.
Another way to retire early in the US is by disability. Surprisingly, in the United States of America, even those citizens who are depressed may receive such a certificate. To do this, you need to issue a disability with a local psychotherapist. It is advisable to have similar documents from your previous place of residence.
Another beneficial criterion is a nurse. She relies free of charge to a disabled person or senior citizen. Her salary is about a thousand dollars. An officially employed relative of a pensioner can become a nurse. Thanks to this, a family can have an additional 600-1000 dollars per month.
We strongly recommend that you do not resort to such methods, since they are illegal. Otherwise, you run the risk of getting a prison term.
Welfer
All citizens who have migrated to the United States receive a so-called green card. If they have reached retirement age, then they should have a welfare. This is a complete social security complex. This includes food stamps, free medicine and travel in public transport, as well as a discount on rental apartments. It is for this reason that many retirees migrate to the United States of America. To receive such social security, you must write a written application to the appropriate authorities. After that, the size of his income will be checked with a citizen and all property will be described. If the standard of living of a resident who is applying is at a low level, then in addition to his pension, he will be entitled to a whole complex of social security. This is a definite plus for many citizens of retirement age. Thanks to this, you can significantly save on food and medicine every month.
To summarize
Many citizens migrate to the United States of America. This is not accidental, because in this state a fairly high level of pensions. In addition, many residents are entitled to additional payments plus a complex of social security. Thanks to the latter, one can not only live carefree, but even travel regularly. Surprisingly, in the United States, citizens after retirement begin to live anew. They do what their whole life has been wanting. This is due to decent social security. It is worth noting that a high pension is awarded only to those who have at least 20 years of work experience.