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Frequently Asked Questions

Question:
Does the Social Security Age Benefit payment consider the effects of inflation?

Answer:
Yes. The Age Pension is based on the insured persons three (3) best contribution years, which are usually the latest years.  This method works on the premise that wages being paid at any point in time normally keeps pace with inflation. Additionally, the Social Security minimum pension is increased from time to time in consideration of inflation.s
 

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