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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

Social Security Recipients To Receive Benefit Increase In 2017

The Social Security Administration announced that 2017 monthly Social Security and Supplemental Security Income (SSI) benefits for more than 65 million Americans will increase 0.3 percent. However, some beneficiaries may have their Social Security increase partially or completely offset by increases in Medicare premiums. The 0.3 percent cost-of-living adjustment (COLA) will begin with social security

Social Security Recipients To Receive Benefit Increase In 20172017-01-13T14:15:37+00:00

Social Security Terms Defined And Explained Part 2

A disability attorney is important in helping applicants for disability benefits understand the various  technical, legal, and medical terms encountered during the application process and thereafter. Here is a continuation of a look at some important terms associated with applying for social security benefits: Family Benefits (Dependent Benefits) When you’re eligible for retirement or disability

Social Security Terms Defined And Explained Part 22016-09-13T16:33:22+00:00
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