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.
The claimant will lose its right to make a claim against the payment bond if the notice is not filed within the 30 days. The claimant is allowed to seek costs and attorney fees. If the notice has been properly filed, the claimant may then file a lawsuit against the payment bond.