Work-Life Services HomeDirections: Pre-Retirement Planning Seminars

Retirement Planning Tips for New York State Employees

Tip of the Month

How is my Social Security Retirement Benefit calculated?

Many people wonder how Social Security calculates their benefit. Social Security benefits are based on your lifetime earnings. Your actual earnings are adjusted or "indexed" to account for changes in your average wages beginning with the first year your earnings were received. Social Security calculates your average indexed monthly earnings during the 35 years of your highest earnings. For more information on your Social Security benefits go to: or call (800) 772-1213.


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