Social Security Disability (SSD) payments are based on what you have paid in taxes. The government gives you credits when you work. Each year, you can earn up to 4 credits (one for each quarter of the year). You earn credits based upon how much money you earn. For example, in 2010, a worker will earn one credit for every $1,120 they earn and report as wages on their taxes.
In order to file a claim, subcontractors, suppliers and laborers must follow a number of procedures so that their claim is accepted. Before filing a payment bond claim, they must file a preliminary notice of a claim, within a period of time after the completion of their work.
Performance bonds and payment bonds are often written as one bond, but by definition they are not the same. They differ in that: A performance bond assures satisfactory performance of the terms of the contract. A payment bond assures that the subcontractors, laborers, and material suppliers will receive payment for the services and products used to fulfill the contract.