New Rockford Transcript - Official Newspaper of Eddy County since 1883

Savvy Senior: Have You Checked Your Social Security Statement for Errors?

 

December 17, 2018



Dear Savvy Senior,

I’ve heard that Social Security sometimes makes mistakes on our earnings record, which can reduce our monthly retirement benefits. How can I make sure this doesn’t happen to me?

Paranoid Paul

Dear Paul,

Mistakes in the Social Security earnings record are actually fairly common. Your Social Security benefits are based on your highest 35 years of earnings history. So, if your earnings for any particular year are underreported, it will reduce your benefits.

These errors typically occur because your employer either reported your earnings incorrectly or reported your e...



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