St Clair County Courthouse Pell City, AL, Pell City, Alabama. 232 likes Â· 2,368 were here. Public & Government Service
This Little-Known Pension Rule May Slash Your Social Security Benefit. Mark Miller / Reuters. Updated: Apr 22, 2015 6:57 PM ET | Originally published: Apr 16, 2015. Some U.S. workers who have paid into the Social Security system are in for a rude awakening when the checks start coming: Their benefits could be chopped up to $413 per month.
If Ed's Social Security benefit at full retirement age is $2,200 per month, let's look at his options. Ed's first option is to wait until July (his full retirement age) to start his Social Security benefits. He'll get $2,200 per month for six months or $13,200 for the year 2016. Ed's second option is to file for Social Security in January. Starting his benefits slightly early, his monthly rate is reduced to $2,130.