province noun (REGION) C2 [ C ] an area that is governed as part of a country or an empire: the Canadian province of Alberta. the provinces [ plural ] âº the parts of a country that are not the capital city. More examples. The majority of people in the province are in favour of devolution. an autonomous province.
According to the SSA, more than two-thirds of eligible workers take early Social Security. Robert: If youâre able to wait, delaying taking Social Security increases your monthly benefit by 3-8 percent each year until youâre eligible for the maximum benefit at age 70.
Most American workers are entitled to receive a monthly Social Security retirement benefit by age 62. The average monthly Social Security check in 2015 is $1,328. But how does the government figure out how much each worker should receive? The key to calculating someoneâs Social Security benefit is to first figure out their Primary Insurance Amount (PIA). The PIA is the baseline amount for your Social Security benefits. The amount of your benefit depends on many factors, including how long you worked, your income and how old you are when you retire.