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.
Three steps to calculate social security benefits. 1  First, a workerâs previous earnings are restated in terms of todayâs wages to reflect wage growth. 2  Second, earnings for the highest 35 years are averaged and divided by the number of months in 35 years to arrive at Average Indexed Monthly Earnings (AIME).