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| 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
Values (2 total)
| 0 | No |
| 1 | Yes |
