{"id":1435,"date":"2018-05-09T08:54:00","date_gmt":"2018-05-09T08:54:00","guid":{"rendered":"https:\/\/www.testserver.eminenture.co.in\/test\/services2nri-new\/blog\/?p=1435"},"modified":"2024-08-12T12:11:29","modified_gmt":"2024-08-12T12:11:29","slug":"social-security-nri-parents-income-source-usa","status":"publish","type":"post","link":"https:\/\/www.services2nri.com\/blog\/social-security-nri-parents-income-source-usa\/","title":{"rendered":"Social Security \u2013 NRI Parent\u2019s Income Source in USA"},"content":{"rendered":"\n

Senior Citizens in India:<\/strong><\/p>\n\n\n\n

The Ministry of Social Justice and Empowerment stated that India had 103.8 million senior citizens in 2011. This count is likely to rise by 143 million & 173 million senior citizens till 2021 and 2026. The people over 60 years of age, who are called senior citizens in India, would contribute 25 percent to its total population by 2050.<\/p>\n\n\n\n\n\n\n\n

It\u2019s going to be a big challenge for NRIs to prevent them from depression and crime. They would be more vulnerable to these life-threatening causes.<\/p>\n\n\n\n

However, it\u2019s not a walkover to combat this challenge. But, the USA government\u2019s Social Security emerges like a silver lining. It helps the NRI to take care of their parents.<\/p>\n\n\n\n

You might be thinking how the USA\u2019s Social Security will\u00a0take care of NRI parents<\/a><\/strong>. It sounds a little bit awkward, but it\u2019s true. Let\u2019s have a look over what it is.<\/p>\n\n\n\n

What is the Social Security?<\/strong><\/p>\n\n\n\n

It\u2019s a mandatory insurance policy for the old (retired)\/disable and surviving people in the USA. According to the Federal Insurance Contributions Act (FICA), the US government derives money from the payroll taxes and self-employment taxes to fund this system.<\/p>\n\n\n\n

Every integrated person with this system carries a unique Social Security Number. This number is a key to track record of every beneficiary. American natives hold right to access every bit of information regarding their social security account. The local social security administration office is a competent authority to look into the related matters.<\/p>\n\n\n\n

Can Indian Dependent Apply?<\/strong><\/p>\n\n\n\n

Say- you\u2019re 60+ and you want to get benefits of this policy. You won\u2019t get the benefit unless you enrol in this policy. You have to apply, first. If you\u2019re 63 or 63+, your benefits would be more than the one who is 62 years old.<\/p>\n\n\n\n

Now, the question arises- are NRI parents eligible to get this benefit?<\/p>\n\n\n\n

Answer-Yes, you can be provided that you have earned at least 40 credits under this scheme, or, you have been in the USA for 10 years.<\/p>\n\n\n\n

The NRI kids are also covered under this security scheme. If the NRI parents had served at least 5 years, their children can enrol for this security.<\/p>\n\n\n\n

Now, you must be thinking about how much money they get.<\/p>\n\n\n\n

It purely depends on how much money that the beneficiary has contributed during his tenure as a working person in his life. If it\u2019s more, the size of Social Security would also be more.<\/p>\n\n\n\n

What you need to provide to the social security authority?<\/strong><\/p>\n\n\n\n

If you want to enrol your parents under this security, you should submit these details:<\/p>\n\n\n\n