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:
“Often they benefit who suffer wrong.”
—Ovid (Publius Ovidius Naso)
“Anyone can do any amount of work, provided it isn’t the work he is supposed to be doing.”
—Robert Benchley (1889–1945)