Form SSA-308. Modified Benefits Formula Questionnaire, Foreign Pension
Form SSA-308 serves as the Modified Benefits Formula Questionnaire for Foreign Pension. The main purpose of this form is to collect information about foreign pension payments received by Social Security recipients. This information is used to determine the impact of foreign pensions on Social Security benefits.
For example, if an individual receives a foreign pension and is also eligible for Social Security benefits, they may need to complete this form to report details about the foreign pension. The purpose is to ensure that Social Security benefits are adjusted appropriately based on the receipt of foreign pensions.
The parties involved are Social Security recipients who receive foreign pensions and the SSA. The form typically consists of sections for the recipient's information, details about the foreign pension, and a declaration of accuracy. Accurate reporting is crucial to determine the correct benefit amounts.