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.
According to the Social Security Administration, Social Security benefits make up about 38% of the income of the elderly. In general, single people depend more heavily on Social Security checks than do married people. In 2014, the average monthly retirement income from Social Security was $1,294. Thatâs just $15,528 per year in Social Security benefits. Keep in mind, though, that your Social Security benefits could be smaller.