Circulatory System: Facts, Function & Diseases. The circulatory system is a vast network of organs and vessels that is responsible for the flow of blood, nutrients, hormones, oxygen and other gases to and from cells.
That maximum benefit is $2,663 in 2015. That means that if someone is turning age 66 this year and has paid taxes on maximum Social Security-covered earnings for each of the last 35 years, he or she will get $2,663 effective with age 66. But there is nothing special about getting that maximum benefit. Itâs not like you get a bonus from the government if you pay the maximum Social Security tax each year. Your retirement benefit will be based on your highest 35 years of earnings. And as I just said, if you have 35 years of maximum earnings, you will get a maximum Social Security benefit.
What's the Maximum You Can Receive? How much you receive in monthly Social Security benefits is determined by factors including how long you worked in a qualifying job, how much you made, and your age at the time you start collecting those benefits. The maximum Social Security benefit you can receive is set, and that amount changes each year. There is an incentive for people to wait until full retirement age (66 or 67 depending on when you were born) or even longer (until you reach age 70) to start collecting benefits. In 2015, the maximum monthly benefit is $2,663 if you are at full retirement age, but could be $3,501 if you wait to start to receive payments at 70 years old.