Estimated Social Security definition

Estimated Social Security means, for an employee covered by Social Security, an employee's estimated OASDI retirement benefit. The benefit is based upon an estimated "average indexed monthly earnings" for an employee retiring at age 65 in 2020 - it does not include any amounts which might be payable to an eligible spouse or children.
Sample 1Sample 2Sample 3
Estimated Social Security means, for an employee covered by Social Security, an employee’s estimated OASDI retirement benefit is based upon an estimated “average indexed monthly earnings” for an employee retiring at normal Social Security retirement age (SSRA) in 2010. It does not include any amounts which might be payable to an eligible spouse or children. Note that a member may draw a reduced Social Security benefit as early as age 62.
Sample 1
Estimated Social Security means, for an employee covered by Social Security, an employee’s estimated OASDI retirement benefit and is based upon an estimated “average indexed monthly earnings” for an employee retiring at age 65 in 2009—it does not inclde any amounts which might be apayable to an eligible spouse or children .
Sample 1

Examples of Estimated Social Security in a sentence

  • Estimated Social Security benefits will not be used in retirement estimates or actual calculations.How Benefits Are PaidYour retirement income is paid monthly.

  • Reduction for Social Security Pension Benefits.(a) The amount of benefits to which a person is determined to be entitled shall be reduced by the pro rata amount of any Estimated Social Security Benefits to be received by the Member attributable to the Member's Social Security coverage derived from employment as a Member.

  • To calculate the amount of the reduction, FPPA will multiply the Member's Estimated Social Security Benefit by a fraction, the numerator of which is equal to the Member's years of service in the plan with an affiliated Social Security Employer, and the denominator of which is equal to the Member's years for all Social Security employment.

  • The Court has authorized this notice because you have the right to know about the Settlement and your options before the Court decides whether to approve it.

  • Philosophy & DirectionHaving finished my first full elected term on the board as your representa- tive, it would be a great honor to be reelected.

  • Estimated Social Security Disability Income Amount and Revised Social Security Disability Income AmountA.

  • Such Annual Estimated Social Security Benefit shall be determined by the Company in accordance with the Federal Social Security Act in effect at the end of the calendar year immediately preceding such January 1st.

  • The Annual Estimated Social Security Benefit as so determined shall be adjusted to include any social security, severance or similar benefit provided under foreign law or regulation as the Pension Board may prescribe.

  • Estimated Social Security retirement benefits and Medicare are slightly higher for Maine high school dropouts than for high school graduates, because dropouts retire earlier than graduates, and the data do not account for the shorter life expectancies of dropouts.

  • Estimated Social Security Disability Income Amount and Revised Social Security Disability Income Amount 36R2-8-803.

Related to Estimated Social Security

  • Social worker means a person with a master's or further

  • Environmental and Social Standards or “ESSs” means, collectively:

  • Wage means the amount of money paid or payable to an employee in respect of ordinary hours of work or, if they are shorter, the hours an employee normally works in a day or week;