With regard to your second question, it seems to me that he would be=20
currently insured, because he would have two quarters of coverage for the=20
remainder of 1992, and then four quarters of coverage for 1993, giving him=20
six of the previous thirteen. The part I am not sure about is that if he=20
played in early 1992 and earned four quarters of coverage then, does he get=
=20
credit for the last two quarters of 1992 given he did not play then? Someon=
e=20
correct me if I am wrong, but I think he would be currently insured.
Best of luck on the exams, everyone.
Dan Perry
----------
From: JASNON@SAFECO.com
To: studygroup8@lists.casact.org; Dan Perry
Subject: Hallman,Hamilton
Date: Wednesday, April 29, 1998 8:59PM
I have two questions on the Hallman/Hamilton paper I'm hoping someone
with a better understanding of OASDHI can answer:
1) Hallman/Hamilton say on page 71 that the full-benefit retirement
age will increase to age 67 by the year 2000. Robertson on page 270
says it will gradually increase from 65 to 67 from the year 2003 to
2027. Which if either of these is correct?
2) On page 70 of Hallman/Hamilton, Currently Insured is defined as
6 quarters of coverage out of the last 13. Higher up on the page, they
say basically that 4 quarters of coverage for a year can be earned in a
day if you for example play for the Chicago Bulls. Assume a
hypothetical situation where Michael Jordan plays a game on both 1/1/92
and 1/1/93 earning $100,000 per game. Suppose he dies on 9/30/95. Is
he "Currently Insured"? That is, 13 quarters runs from 7/1/92 to
9/30/95, but how many quarters of credit does he get for his 1992 work
in this case? 2 quarters? 4 quarters? 0 quarters?
Jason