Sentences with phrase «wage base cap»

Workers who have always earned at the top of the wage base cap can expect Social Security benefits to replace about 25 percent of their pre-retirement income.

Now let's double or triple income over the wage base cap to $ 236,000 or $ 354,000.

Only about 6 percent of all workers earn more than the $ 118,000 Social Security wage base cap.

Not exact matches

We can start with the percentage of income Social Security replaces for people at the top of the wage base — the $ 118,000 cap on income that is included in the benefits calculation.