Ssa 21: Fill & Download for Free

TL; DR: Social Security offers overseas direct deposit for beneficiaries. There is no need to travel to the US to apply for or pick up benefits.More information can be found by reading the SSA booklet on payments outside the US, found here: https://www.ssa.gov/pubs/EN-05-10137.pdf (https://www.ssa.gov/pubs/EN-05-10137.pdf)However, if you're one of the many Indian citizens working in the US on H-1B, you may wish to read further for additional information and my answer may dispel many myths you may have heard about foreign workers and Social Security retirement benefits.Provided one is fully qualified by having 40 quarters of coverage (generally 10 years of work), they can draw a retirement benefit. In the past, foreign workers who chose not to pursue LPR status didn’t remain in the US long enough to earn 40 SSA work quarters. However, with the American Competitiveness in the 21st Century Act, this has changed, primarily for India-born workers who cannot get LPR status in a timely manner because of the diversity cap in Sec 202(a)(2) of the Immigration and Nationality Act. Those workers with an approved I-140 petition can remain in H-1B status indefinitely. These same workers are going to be the ones who are most likely to work long enough to qualify for a retirement benefit while at the same time not being LPRs or citizens of the US.How does the quarter of coverage system work? Below is a table showing the amount of Social Security taxable income that one must earn in a given year to get one quarter of coverage:A maximum of four quarters can be earned in a given year. For 2020, once one has earned $5,640, they have earned their four quarters for the year. For a person earning six figures, they’ll earn this by the end of January. The amount a quarter is worth may not seem like much, but when one looks at a person earning the federal minimum wage working 40 hours per week, it will take them five months (20 weeks) of full time work to earn four quarters. The best way to determine SSA taxed earnings is by looking at one’s W-2:Box 3 will show the wages that were taxed for Social Security. So long as this amount is over the value for four work quarters, one has earned all their quarters for that year.The tax deduction on one’s paycheck can have many names. It can be ‘Social Security’, however other acronyms used are OASDI, FICA (the law that mandates payroll taxes for Social Security contributions and Medicare) and SSDI (which refers to the disability benefit only.) Depending on how an employer chooses to list deductions, they may be broken out into the 6.2% Social Security amount and the 1.45% Medicare amount or they may be lumped together at 7.65% of income subject to these taxes. Both the employer and the employee contribute an equal amount. Self employed persons who are sole proprietors (Schedule C) will pay both portions or 15.3%; this is commonly called the self-employment tax, but it is the same tax employees pay, just twice as much to account for the fact the the self employed person is also their own employer.Do not confuse Social Security retirement and disability benefits with the Supplemental Security Income (SSI) program, which is also administered by the Social Security Administration. It is a separate welfare program for US citizens and certain LPRs. It cannot be paid to beneficiaries who live outside the US. SSI is means tested and for the disabled and elderly who are very poor and have no or little other income and resources of their own.Another confusion is company retirement plans like 401(k)s. These plans are private. Every plan is different and rules vary. Normally contributions to these plans are refunded to the contributor if they have not become vested by contributing for the required minimum period of time. If one is forced to cash out a 401(k), they need to see a financial planner or accountant if they are not aware of the pitfalls of cashing out a 401(k) before one is 59 1/2 and/or taking the money out all at one. Read one’s 401(k) literature carefully.Edit: There is a lot of disinformation out there. If one wants to comment that my answer is incorrect or a reply to a comment is incorrect, they must post links to original research, not links to discussion groups or hearsay anecdotal evidence, news articles, etc. I will not allow the comments to this answer to be used to spread disinformation.I am open to learning new information or a correction from what my own original research has found, but such information must be substantiated. Any contrary comments without valid citations will be deleted. You have been warned - my answer, my rules.Currently, according to the Social Security Administration, there is exists no treaty, or totalization agreement, between the US and India regarding social security benefits or contributions. U.S. International Social Security AgreementsA person must contribute to Social Security and earn 40 work quarters (10 years) to be insured for a retirement benefit. Generally, H-1B status can last a maximum of six years. However, the AC-21 Act allows H-1B status to be extended indefinitely, thus it is possible for certain H-1B workers to meet the 40 quarter requirement. AC21 generally benefits those foreign workers with an approved I-140 petition but who cannot apply permanent residence yet due to the artificial backlog created by INA Sec. 202(a)(2). Those affected are mostly India-born.Please do not contribute to the disinformation that already exists. Do original research on the law for yourself, do not rely on the Internet or even my own answer. Every person’s case is unique; what applies to one may not apply to all.Edit #2: Please do not confuse the Supplemental Security Income program (SSI) with Social Security retirement benefits, referred to by many acronyms such as SSDI and OASDI. FICA is the law that mandates payroll deduction of the taxes for OASDI and Medicare. These are separate programs. SSI is a welfare benefit available only to US citizens and in limited circumstances, LPRs. SSI is means tested and is designed for those with no income or resources who cannot work for medical reasons or have reached retirement age. This is not the program I'm talking about.Edit #3: Moved some information in the prior edits into the main answer and reorganized the answer for easier reading. 25K plus views! I hope all those who have read are much better informed about Social Security than they were.Edit #4: Added information about how SSA work quarters are earned. This answer is getting really long, however I’m adding information based on questions raised in the comments. I’ve also done more revising and reorganization to shorten the answer.Edit #5: Added information that 401(k) plans and other company offered retirement savings plans are private and have nothing to do with Social Security.

Caution - long story ahead…June 2018 - Engineering Done ✅I was not good in technical subjects that's why I choose banking as a career for me.In June 2018 I came to Delhi to take offline classes that are required to crack competitive exams.But believe me, none of the classes was helpful to me.Now the story starts 😄IBPS RRB CLERK- prelims out (missed cut off by 34 marks)IBPS PO - prelims out (missed cut off by 24 marks)2019 beganI left offline classes and came to the home in March 2019 and started self-preparation by using mock tests and practice books3. IDBI executive - failed but selected in the reserve list4. SBI PO- prelims out (missed cut off by 1.5 marks) because of unexpected very high cut off5. SBI CLERK- Prelims cleared but failed in mains due to General Awareness ( missed cut off by 21 marks)6. IBPS RRB PO- Prelims out (missed by 1 mark)7. IBPS RRB CLERK- Prelims out (missed by 1 mark)8. EPFO SSA - Failed in mains due to sectional cut off of General Awareness9. EPFO ASO - failed in prelims by 1 mark but I scored 90 😄10. IBPS PO- Prelims cleared (cut off 59 and my score was 73) but failed in mains due to General Awareness(scored only 10).11. LIC assistant- Prelims score 69 / 70 but again failed in mains due to general awareness 😄12. FCI MANAGER - waiting for mains result13. RBI ASSISTANT - waiting for mains examAfter failing again and again due to general awareness I decided to prepare current affairs daily from at least 2 sources.Now I have been preparing daily current affairs and It takes almost two hours daily with proper revision.Now IBPS CLERK-I was confident but failing has become new normal to me so never got my hopes high.😄Finally selected in PUNJAB NATIONAL BANK.Thank you😊Edit 1- Cleared Fci manager Mains exam (waiting for interview dates).Edit 2- 175 upvotes ❤️,Thank you guys 🤗.

I’m going to tell you all the exams that happened in 2019.All these exams are conducted by IBPS and pattern of these exams is similar to all banking exams.IDBI executiveIDBI Manipal POLakshmi Vilas Bank POSBI POSBI CLERKIBPS RRB OFFICERIBPS RRB OFFICE ASSISTANTIBPS POIBPS CLERKIBPS SPECIALIST OFFICEREPFO ASOEPFO SSAFCI AG-3FCI MANAGERRBI GRADE BRBI ASSISTANT 2019 (exam in 2020)LIC ADOLIC AAOLIC ASSISTANTNABARD GRADE A OFFICERNABARD GRADE BNABARD DEVELOPMENT ASSISTANTI hope you understood the power of IBPS.😁