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.
Now, however, the spousal benefit is calculated as the Excess Spousal Benefit or ESB, which is determined using the following calculation: 50 percent of spouseâs PIA â your PIA = your ESB. The ESB is then added to the qualifying spouseâs Social Security retirement benefits. Hereâs an example that might help. Nancy and Owen are a married couple nearing retirement. Nancyâs PIA is $1,000 a month and Owenâs is $2,400 a month.