About Mabank. Mabank, Texas. (Mabank, Texas is located on U.S. Highway 175, near the intersection of Farm Road 90, FM 198, and U.S. Highway 175, sixteen miles southeast of Kaufman, Texas, far in the southeast corner of Kaufman County, Texas. The Mabank, Texas area was first settled by Lorenzo D. Stover in 1846.
A: Your Social Security payment is based on your best 35 years of work. And, whether we like it or not, if you donât have 35 years of work, the Social Security Administration (SSA) still uses 35 years and posts zeros for the missing years, says Andy Landis, author of Social Security: The Inside Story, 2016 Edition.
Why Pensions are Important: Sources. 1  The average monthly Social Security benefit paid to retired workers in 2016 is $1,350.64, or $16,207.68 a year. The average monthly Social Security benefit paid to widows & widowers is $1,294.04, or $15,528.48 per year. 2  The federal minimum wage is $7.25 per hour.