Benefit Amount
The amount of a RIB payment is based upon several factors, including: social security payroll taxes paid into the Social Security Trust Fund, the age at which benefits are claimed, the current earned income of an individual, and military service.
Read more about this topic: Retirement Insurance Benefits
Famous quotes containing the words benefit and/or amount:
“It is one of the consolations of philosophy that the benefit of showing how to dispense with a concept does not hinge on dispensing with it.”
—Willard Van Orman Quine (b. 1908)
“The logical English train a scholar as they train an engineer. Oxford is Greek factory, as Wilton mills weave carpet, and Sheffield grinds steel. They know the use of a tutor, as they know the use of a horse; and they draw the greatest amount of benefit from both. The reading men are kept by hard walking, hard riding, and measured eating and drinking, at the top of their condition, and two days before the examination, do not work but lounge, ride, or run, to be fresh on the college doomsday.”
—Ralph Waldo Emerson (1803–1882)