Given Social Security's progressive benefit formula, however, the replacement rate varies by income.

For instance, two options address the effects of applying different inflation factors to the benefit formulas for certain programs.

For some companies, the old benefit formulas often no longer make sense.

Therefore, employers generally may change by plan amendment their traditional pension plans and the benefit formulas they use.

The plan administrator used an incorrect benefit formula, such as wrong interest rate.

In 2002, when the last farm bill was passed, Congress improved the benefit formula for households with four or more people.

The choices are often expressed in the jargon of benefit formulas and actuarial analysis.

Social Security's benefit formula offers a better rate of return to lower-wage individuals.

The benefit formula is the same for both; only the retirement eligibility is different.

And, as retirees, just about all of us will draw benefits based on the current benefit formula.