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Stata SAS
Variable Name mbr_retire_benefit
Top Access Level released
Label MBR: receive retirement benefit
Codebook SIPP Synthetic Beta v7
Concept
Type numeric

Files

ssb_v7_0_syntheticK_M.sas7bdat   http://www.census.gov/programs-surveys/sipp/methodology/sipp-synthetic-beta-data-product.html  ( SAS )
ssb_v7_0_syntheticK_M.dta   http://www.census.gov/programs-surveys/sipp/methodology/sipp-synthetic-beta-data-product.html  ( Stata )

Full Description

This variable indicates receipt of an OASDI retirement benefit. Individuals are eligible for retirement payments if they are at least 62 years old and have 40 quarters of coverage. Since 1978, workers earn one quarter of coverage for a set amount of FICA-covered annual earnings and can earn up to 4 quarters per year. The amount of earnings needed to receive credit for a quarter varies by year and was $1,120 in 2011. Benefits are reduced if the worker elects to receive them before full retirement age.

Groups

MBR/PHUS Variables

Values (2 total)

0 No
1 Yes