Temporary Use Permits are reviewed by the Durham City-County Planning Department. Efforts will be made to. process complete applications within five business days. For applications that require multi-department review, the review. time may exceed 5 days but will be completed within 30 days.
A formula monthly retirement benefit is calculated. using: â¢ Your final average monthly earnings, â¢ Your total years of creditable service (including. military service credits, if applicable), â¢ The formula multiplier(s) for your service and. employment categories, and. â¢ Any age reduction factor(s) based on your age.
How Social Security benefits are calculated. Without question, Social Security benefits play an important role in retirement planning. Experts often cite the three-legged stool as the foundation of a retirement plan, with the legs of the stool consisting of Social Security, employer-sponsored retirement benefits and personal savings. For many people, Social Security benefits make up a large portion of the plan. Knowing how your Social Security benefits are calculated is critical.