Jerry McNerney ran as a write-in candidate in the March 2004 Democratic Primary in California's 11th congressional district. He received 1,667 votes (3% of the votes cast), and, having no opposition (no candidates were listed on the Democratic primary ballot), won the primary.
Three steps to calculate social security benefits. 1  First, a workerâs previous earnings are restated in terms of todayâs wages to reflect wage growth.2  Second, earnings for the highest 35 years are averaged and divided by the number of months in 35 years to arrive at Average Indexed Monthly Earnings (AIME). Second, earnings for the highest 35 years are averaged and divided by the number of months in 35 years to arrive at Average Indexed Monthly Earnings (AIME).
Break-even is the age when total Social Security income from two retirement options is the same. Using break-even calculations, we compare three basic options for when to start collecting Social Security benefits: (1) age 62, (2) full retirement age, which in our examples is assumed to be age 66, and (3) age 70. The calculations are highly dependent upon the numeric value of the variables used in the computations.