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.
The average retirement benefit check is currently $1,305.30, according to government figures. This is by far the the smallest percentage increase of any year in which benefits did rise. But it's better than 2016, when Social Security checks didn't increase at all. There have only been three years without any increase at all since Social Security's cost-of-living adjustment was put in place in 1975 -- 2010, 2011 and 2016.