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Social Security benefits are typically computed using "average indexed monthly earnings." This average summarizes up to 35 years of a worker's indexed earnings. We apply a formula to this average to compute the primary insurance amount (PIA). The PIA is the basis for the benefits that are paid to an individual.

SSA uses the SSA-795 to obtain information from claimants or other persons having knowledge of facts in connection with claims for Social Security benefits or Supplemental Security Income (SSI) payments when there is no standard form to collect the needed information.

SSA uses the information Form SSA-308 collects to determine exactly how much (if any) of a foreign pension may be used to reduce the amount of title II Social Security retirement or disability benefits under the modified benefit formula.

Benefits After attaining the age of 60 yrs, beneficiaries are entitled to receive monthly assured pension of Rs.3000/-. On death of the beneficiary, spouse is eligible for 50% monthly pension. If husband and wife, both joins the scheme, they are eligible for Rs. 6000/- monthly pension jointly.

How Your Social Security Benefit Is Reduced If you start getting benefits at age *And you are the: Wage Earner, the Retirement Benefit you will receive is reduced toAnd you are the: Spouse, the Retirement Benefit you will receive is reduced to6270.0%32.5%62 + 1 month70.432.762 + 2 months70.832.962 + 3 months71.333.158 more rows

A modified benefit formula is used to compute Social Security benefits for persons entitled to both a pension or annuity based on employment after 1956 not covered by Social Security and a Social Security retirement or disability insurance benefit.