primary insurance amount

A chart showing how Social Security benefits are calculated.

Understanding Benefit Reductions & Increases in Primary Insurance Amounts, § 404.413

Leave a Comment / Reductions / April 26, 2023

The Social Security system can be complex, and understanding how benefit reductions for age and subsequent increases in primary insurance amounts work is crucial for retirees. This blog post breaks down the general rule on reduction of increases and the methods of computation for these reductions. General Rule on Reduction of Increases When an individual’s …

Understanding Benefit Reductions & Increases in Primary Insurance Amounts, § 404.413 Read More »

Parental benefit calculations based on entitlement.

Understanding Parental Benefit Amounts: A Guide to Social Security Benefits, § 404.373

Leave a Comment / Parent's Benefits / April 10, 2023

Navigating the world of Social Security benefits can be confusing, especially when it comes to understanding how benefits are calculated for parents. In this blog post, we will break down Section 404.373 of the Social Security regulations to help you better understand how a parent’s monthly benefit is determined based on their entitlement. Section 404.373 …

Understanding Parental Benefit Amounts: A Guide to Social Security Benefits, § 404.373 Read More »

Understanding Child’s Benefit Amounts in Social Security, § 404.353

Leave a Comment / Child's Benefits Eligibility / April 9, 2023

As a parent, you want to make sure that your child is well taken care of, even if you’re no longer around. Social Security offers child’s benefits to provide financial assistance to children of disabled, retired, or deceased parents. In this post, we’ll discuss the basics of child’s benefit amounts in Social Security. According to …

Understanding Child’s Benefit Amounts in Social Security, § 404.353 Read More »

Understanding Social Security Parent Benefits: § 404.342 Explained

Leave a Comment / Parent Benefits / April 7, 2023

If you’re curious about how much your mother or father might be eligible to receive in Social Security benefits, there’s a specific section of the Social Security regulations that addresses this topic. According to § 404.342, the benefit amount for a parent is calculated as a percentage of the primary insurance amount of the insured person. …

Understanding Social Security Parent Benefits: § 404.342 Explained Read More »

How is the Amount of Your Disability Benefit Calculated? § 404.317

Leave a Comment / Amount Calculations, Benefit Formulas:, Calculating Your Average Monthly Wage: / April 5, 2023

If you are unable to work due to a physical or mental impairment, you may be entitled to receive disability benefits from the Social Security Administration (SSA). However, it’s important to understand how the amount of your disability benefit is calculated. Let’s take a closer look at the key details outlined in § 404.317 of the …

How is the Amount of Your Disability Benefit Calculated? § 404.317 Read More »

Calculating Your Old-Age Social Security Benefit Amount: Key Factors to Consider, § 404.312

Leave a Comment / Social Security Benefit Amounts / April 5, 2023

When planning for retirement, understanding how your old-age Social Security benefit amount is calculated is crucial. In this blog post, we’ll break down the rules outlined in § 404.312 for determining your monthly benefit amount based on when you choose to begin receiving benefits. How Your Old-Age Benefit Amount is Calculated: Starting Benefits at Full …

Calculating Your Old-Age Social Security Benefit Amount: Key Factors to Consider, § 404.312 Read More »

Appendix VI to Subpart C of Part 404—A Historical Look at Social Security Automatic Increases Since 1978

Leave a Comment / Primary Insurance Amount / April 4, 2023

In this blog post, we take a trip down memory lane to review the history of automatic increases in primary insurance amounts for Social Security beneficiaries since 1978. The primary insurance amount (PIA) is the foundation upon which Social Security benefits are calculated, and it plays a vital role in ensuring that recipients receive the …

Appendix VI to Subpart C of Part 404—A Historical Look at Social Security Automatic Increases Since 1978 Read More »

Understanding Social Security Benefit Formulas: Appendix II to Subpart C of Part 404, Appendix II to Subpart C of Part 404

Leave a Comment / Benefit Formulas: / April 4, 2023

When it comes to calculating your Social Security benefits, the Social Security Administration (SSA) uses one of the formulas outlined in Appendix II to Subpart C of Part 404. The appropriate formula is based on the year you reach age 62, become disabled, or die before age 62. For example, if you reach age 62 …

Understanding Social Security Benefit Formulas: Appendix II to Subpart C of Part 404, Appendix II to Subpart C of Part 404 Read More »

Reasons for Recomputing Your Primary Insurance Amount, § 404.281

Leave a Comment / Primary Insurance Amount / April 4, 2023

The primary insurance amount (PIA) is a crucial component in determining Social Security benefits. In some cases, the PIA may be recomputed to include additional earnings or due to changes in computation methods. This blog post highlights the reasons for recomputing the primary insurance amount, as outlined in § 404.281. Earnings Not Included in Earlier Computation …

Reasons for Recomputing Your Primary Insurance Amount, § 404.281 Read More »

Navigating Noncovered Employment Pension Computations: Understanding § 404.243

Leave a Comment / Noncovered Employment Pension Computations / April 3, 2023

As an advocate for individuals navigating the complex world of Social Security benefits and pensions, it’s crucial to understand the details of § 404.243.   This section pertains to those who are eligible for a pension based on noncovered employment and the computation of their Social Security benefits. In this blog post, we’ll break down the …

Navigating Noncovered Employment Pension Computations: Understanding § 404.243 Read More »