Bakery Drivers Local 734 - Health and Welfare Fund | Social Security Benefits
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Social Security Benefits

Social Security Benefits

You may receive benefits from Social Security in addition to the benefits under the plan. Social Security benefits may be payable in the event of your death or disability as well as at retirement.

You may ask your local Social Security office for a record of your past wages that were subject to Social Security taxes. You can also request a booklet that explains in detail how to figure your Social Security benefits or you may ask the Social Security Administration for an estimate by calling 1-800-772-1213 or visit

Retirement Benefits
You may be entitled to receive unreduced Social Security monthly income benefits when you reach Social Security retirement age, currently between 65-67, depending on your year of birth as shown on the table below. When your spouse reaches full Social Security age, he or she is entitled to a benefit equal to one-half of your regular benefit, or, if greater, a benefit based on his or her own work record. Reduced Social Security retirement benefits are payable as early as age 62.

The government has gradually increased the “full retirement age” for people born after 1937. “Full retirement age” is the age at which you can collect full retirement benefits from Social Security without any reduction for early retirement. For example, if you were born in 1960 or later, full Social Security benefits will be payable to you at age 67-not age 65.

Social Security “full retirement age” is increasing.

“Full retirement age” – the age at which you can collect retirement benefits from Social Security without any reduction for early retirement.

social security benefits

Social Security replaces a higher percentage of income for retiring participants at lower pay levels. A retiring participant with annual earnings of $35,000 could expect Social Security to replace approximately 33% of his pre-retirement income. To reach the 70% or 80% income replacement levels, he’ll need help from his pension benefits and personal savings.

To request an estimate of your Social Security benefits, call the Social Security Administration at 1-800-772-1213 or visit

Social Security benefits will not change your pension benefits. Your pension from this plan is in addition to any benefits you or your spouse may receive from Social Security.

Death Benefits
Your family may also be entitled to Social Security benefits after your death. If you die leaving dependent children, family benefits may be payable until your child(ren) reach age 18 (or age 19 if full-time student(s) in elementary or secondary school). Your spouse may be entitled to start receiving Social Security survivor benefits at age 60.

Disability Benefits
If you become disabled, you may be entitled to Social Security disability benefits that are payable after you have been totally disabled for five full calendar months. Additional family benefits may be payable depending on the ages of your dependent spouse and children.