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  2. Average Indexed Monthly Earnings - Wikipedia

    en.wikipedia.org/wiki/Average_Indexed_Monthly...

    Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...

  3. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    Some federal, state, local and education government employees pay no Social Security tax but have their own retirement and disability systems that nearly always pay better retirement and disability benefits than the SSA. These plans typically require vesting (working 5–10 years for the same employer before becoming eligible for retirement ...

  4. Social Security Administration - Wikipedia

    en.wikipedia.org/wiki/Social_Security_Administration

    [10] The first Social Security office opened in Austin, Texas, on October 14, 1936. [11] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [9] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940 ...

  5. Social Security: Mark These Dates on Your Calendar Now - AOL

    www.aol.com/finance/social-security-mark-dates...

    Social Security payments are going to be a little larger this year -- a total of 5.9% more, thanks to the largest cost-of-living adjustment increase in almost four decades. Surging inflation and...

  6. Social Security: SSI Payment Schedule 2023 - AOL

    www.aol.com/social-security-ssi-payment-schedule...

    The latest cost-of-living (COLA) adjustment boosted Social Security and Supplemental Security Income (SSI) payments by 8.7%, outpacing current inflation. This year, SSI recipients should see a ...

  7. Mark Your Calendar: Important Social Security Dates in 2024 - AOL

    www.aol.com/mark-calendar-important-social...

    The Social Security Administration recently released its 2024 payment schedule, which follows the same pattern as every year. Social Security: Not Everyone Gets the Full 3.2% COLA Increase ...

  8. File:The Social Security (Claims and Payments) Regulations ...

    en.wikipedia.org/wiki/File:The_Social_Security...

    They are made before the end of the period of 12 months from the commencement of the enactments under which they are made and are therefore exempt, under section 61(5) of the Social Security Act 1986, from the requirement in section 10 of the Social Security Act 1980 to refer proposals to make the regulations to the Social Security Advisory ...

  9. How Much Will Social Security Pay Me in Retirement? Here’s ...

    www.aol.com/finance/much-social-security-pay...

    As a general rule of thumb, Social Security benefits are designed to replace about 40% of pre-retirement income. It will be more if you were a lower earner, or less if you are a higher earner.