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Appendices > Social Security Income

Appendix B. Social Security Income

The formula that the Social Security Administration uses to calculate your benefit is designed to give you credit for your 35 highest paying years. Here's how it works:

  1. Your lifetime earnings (to age 60) are adjusted for inflation.

  2. Your total earnings are divided by the number of months you worked to determine what is known as your average indexed monthly earnings.

  3. Your base benefit is based upon your average indexed earnings.


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