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Benefit amount

When is your actual monthly benefit calculated?  As of the date you applied?  Or as of the date your application is approved?  For example, on the date I applied my benefit may be $1800/month. By the time my application is approved weeks later my benefit may be $1840/month. 

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Honored Social Butterfly

On your FRA

OR if BEFORE FRA:  a reduction for whenever less amount of time.

OR if AFTER FRA:  an additional amount of delayed retirement credits.

 

 

It's Always Something . . . . Roseanna Roseannadanna
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Newbie

My benefit started one month after I applied, on the day of the month (28th) I applied and if I remember correctly, it was for the amount that was quoted me that day.  Whether that quote was based on the date I applied or the date the benefit would start, I do not remember.  But it will be for the amount they told you.  I suppose it is the difference between paying up front of the month, or paying at the end of the month, if you understand what I mean, like are you getting money to spend for the month, or are you getting reimbursed for the month.

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