Q & A
My cousin and I are both retired and get Social Security. We worked for the same employer for years, but he gets a higher Social Security benefit. Why is that?
Answer: Your payments are based on your earnings over your lifetime. Unless you are both the same age, started and stopped work on the exact same dates, and earned the very same amount every year of your careers, you wouldn’t get the same benefit as your cousin. Social Security benefits are based on many years of earnings – generally your highest 35 years. To learn more about Social Security retirement benefits, visit www.socialsecurity.gov and select the “Retirement” link
Source: McClatchy-Tribune News Service - February 3, 2014
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