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7. Figuring the Cash Benefit Rate

Excerpted from "Social Security Handbook". See the up-to-date, official Social Security Handbook at ssa.gov.

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‹ When does disability end? up Primary Insurance Amount (PIA) as Basic Figure ›

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Recent Content

Jul
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2018
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Four Factors that Determine Your Social Security Retirement Benefit

By admin

Your Social Security retirement benefit largely depends on the following four factors :

* Your work history => Longer yields a higher benefit

* Your earnings history => Higher earnings yields higher benefit (at decreasing rate)

* Your birth year => Born earlier means higher relative benefit

* Your claiming age => Starting benefits later means higher benefit

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What Social Security May Look Like in 2035

By admin

Interesting article which looks at how Social Security may fare in the year 2035.

Highlights :

* The worker-to-beneficiary ratio will drop from 2018's 2.8 to 2.2-to-1.

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* Social Security's "trust fund" will be exhausted

* Substantial benefit cuts may be needed

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* Social Security benefits will continue to decline due to inflation


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Not affiliated with the US Social Security Administration