Social Security provides periodic benefit payments to retirees based on earnings averaged over most of the worker's lifetime.

Name: Social Security provides periodic benefit payments to retirees based on earnings averaged over most of the worker's lifetime.
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Social Security payments are based on a worker's average earnings over their lifetime, with a formula designed to provide higher benefits for those who have earned less and lower benefits for those who have earned more.

Social Security Provides Periodic Benefit Payments to Retirees Based on Earnings