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.
Your Social Security benefits are calculated based on your highest 35 years of earnings or half of your spouseâs benefits -- whichever is higher -- if you retire at full retirement age (currently 66). For a worker retiring at age 66 in 2012, the maximum benefit is currently $2,513 per month. If both you and your spouse earned the maximum amount that counts every year ($110,100 in 2012, but just $16,500 in 1977), you could each receive the maximum monthly benefits. See the Maximum Taxable Earnings table for each yearâs limits. Taking benefits earlier or later can affect the payout amounts.