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.
Social Security uses full retirement age to calculate 100 percent of your benefit amount. For individuals born in 1942 or earlier, full retirement age is 65. Individuals born from 1943 to 1954 reach full retirement age at 66.ou can wait until age 70 to collect your Social Security retirement and the monthly amount increases to about 130 percent of your full retirement age benefit. If your earnings after you retire are one of your highest years, Social Security recalculates your benefit.