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.
For 2017, the calculations reveal that the average monthly Social Security check is $1,377 with a maximum benefit of $2,687 a month. But in 2018 Social Securityâs cost of living adjustment (COLA) and an increase in income that succumbs to payroll taxes will raise the average and maximum Social Security stipend benefit to $1,404 and $2,788.