Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 2 · column 5 of 6 · from the scan, no model involved
Hundley provided this example to illustrate his point. “Bill Smith was bom in 1936. He will not be eligible for Social Security benefits until he’s 62 in 1998. But he retired from his job at the local electric company this year at age 56. Like most people, Bill made progressively more and more money each year he worked. So his highest 35 years of earnings were his last 35 years of earnings - from 1957 through 1992. If Bill had continued to work until he was 62 in 1998, would would have used the years 1963 through 1998 to figure his average earnings. That means we could have factored in his relatively high earnings between 1992 and 1998 and factored out his low earnings between 1957 and 1963. In other words, had he kept working, his average earnings would have been higher so his Social Security benefit would have been higher.”
“Of course,” Hundley added, “everybody has to decide what’s in their own best interest and asktwhat’s more important: a few extra years of retirement or a higher Social Security check."
Workers can get an estimate of what their retirement benefits will be by calling Social Security at 1800-772-1213 business days between 7 a.m. and 7 p.m. and asking for a Personal Earnings and Benefit Estimate Statement. You may also stop by your Culpeper office at 400 South Main Street to pick up a copy of the request.
82.6%