Yes, I must have reached 40 points when I retire at the age of 67.
How the pension is related to the years you have contributed to SS and the your salary?
2006-10-04 03:41:23 · 2 answers · asked by bangh99 1 in Politics & Government ➔ Other - Politics & Government
by law now ss adm must let you know what you will be getting at your current salary. call them up and ask them at 1 800 772 1213. the more you earn themore you can collect and the earlier you worked the more you get as well.
now, if you say buy and pay off a house by retirment say you get 2000 a month that will be quite nice to live on.
2006-10-04 03:51:25 · answer #1 · answered by CCC 6 · 0⤊ 0⤋
Periodically, Social Security sends around a summary of your payments and potential benefits. You should get one every couple of years, I think, but I'm sure the local Social Security office could tell you the formula.
I will tell you this: It's not going to be enough to live on.
2006-10-04 03:50:00 · answer #2 · answered by auntb93again 7 · 0⤊ 0⤋