(502) 587-0228 - Principal Office is Located at 1500 Story Ave., Louisville, KY 40206 - Michael P. Sullivan, Attorney. Others in Firm May Perform Some Services. THIS IS AN ADVERTISEMENT

Calculating Social Security Benefits: Part 2 – The Primary Insurance Amount

The Social Security Administration computes Social Security benefits based upon "average indexed monthly earnings," ("AIME") which are the sum of up to 35 years of a worker's indexed earnings. A formula reflecting changes in general wage levels based upon measurements by the national average wage index is applied to the AIME to compute the primary insurance

Calculating Social Security Benefits: Part 2 – The Primary Insurance Amount2017-01-18T14:05:46+00:00

Calculating Social Security Benefits: Part 1 – Average Indexed Monthly Earnings

Social Security benefits are generally calculated based upon "average indexed monthly earnings," which is the sum of up to 35 years of a worker's indexed earnings. A formula is applied to this average to compute the primary insurance amount (PIA), which is the basis for the benefits paid to an individual. The formula used to

Calculating Social Security Benefits: Part 1 – Average Indexed Monthly Earnings2017-01-16T14:02:36+00:00
Go to Top