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Chp 10 Flashcards | Quizlet It is equal to the worker's full retirement benefit at age 65 * If a worker retires early, for example at age 62, his retirement benefits will be 80% of his PIA and will remain lower for the covered worker's life
Primary Insurance Amount - The United States Social Security . . . The PIA is the sum of three separate percentages of portions of average indexed monthly earnings The portions depend on the year in which a worker attains age 62, becomes disabled before age 62, or dies before attaining age 62
20 CFR Part 225 -- Primary Insurance Amount Determinations This part discusses Primary Insurance Amount, which is referred to as PIA throughout this part, and which is an important element in the calculation of any retirement or survivor annuity There are a number of PIA computations based on different periods, amounts, and types of earnings
Social Security Benefits Handbook Online Edition - Chapter Seven The benefit amount for a retired worker at Full Retirement Age and for a disabled worker is equal to the primary insurance amount It is reduced for retirement benefits before Full Retirement Age and increased for delayed retirement
Chapter 12 Social Security Flashcards | Quizlet The PIA is actually the amount equal to the worker's full retirement benefit at age 65 (benefits are reduced for early retirement) or benefits to a disabled worker