September 08, 2004

Two photo captions in yesterday's editions incorrectly reported when a back-to-school rally took place in front of the school system headquarters on North Avenue. The rally was Friday.

Because of incorrect information provided by the attorney for boxing manager James Prince, an article in Monday's editions incorrectly reported the terms of boxer Andre Ward's contract with Prince. Prince said yesterday that his attorney, Jeff Fried, was incorrect in saying Ward had signed for $100,000 over four years. Prince would not disclose the terms of the contract.

Because of incorrect information from the Baltimore Board of Elections, an article in Sunday's editions of The Sun mischaracterized the status of the mayoral write-in candidacy of Frank M. Conaway in the Nov. 2 general election. Conaway has registered his candidacy with the elections board. The names of registered write-in candidates are not listed on the ballot but are posted on information boards at polling places. If write-in candidates do not register, their names are not posted.

An article Sunday in the Your Money section about the tax consequences of receiving Social Security benefits incorrectly stated that earning additional income will reduce the Social Security benefits of recipients who have passed full retirement age.

In fact, it is early retirees whose payments are reduced. For those under full retirement age when payments begin, $1 in benefits will be deducted for each $2 earned above the annual limit, which for 2004 is $11,640 and for 2003, $11,520.

In the calendar year an early retiree reaches full retirement age, $1 in benefits is deducted for each $3 earned above a higher annual limit up to the month of reaching full retirement age. For 2004, that limit is $31,080; for 2003, $30,720. Full retirement age was 65 through 2002, and began gradually increasing in 2003.

To clarify another part of the article about income taxes on Social Security, it is not the case that benefits may be taxed as much as 85 percent, but that as much as 85 percent of your benefits may be considered taxable.

The Sun regrets the errors.

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