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. In order to be eligible for Social Security retirement benefits, you'll need to earn a total of 40 credits over the course of your working lifetime. In 2017, you'll get one credit for every $1,300 in Social Security taxable earnings, and there is a maximum of four per year. So, to become eligible, you'll need to work for at least 10 years with earnings of at least $5,200 per year.