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  2. Average Indexed Monthly Earnings - Wikipedia

    en.wikipedia.org/wiki/Average_Indexed_Monthly...

    Each calendar year, the wages of each covered worker [a] up to the Social Security Wage Base (SSWB) are recorded along with the calendar by the Social Security Administration. If a worker has 35 or fewer years of earnings, then the Average Indexed Monthly Earnings is the numerical average of those 35 years of covered wages; with zeros used to ...

  3. The most important Social Security chart you'll ever see - AOL

    www.aol.com/finance/2018-04-22-the-most...

    Here are some ways to increase your Social Security benefits: Earn more. The formula that the Social Security Administration (SSA) uses to compute your benefits takes your 35 highest-earning years ...

  4. 5 Social Security Changes Retirees Need to Know About in 2025

    www.aol.com/5-social-security-changes-retirees...

    The basic idea behind the Social Security formula is that your 35 highest-earning years are indexed for inflation and averaged, and your monthly average earnings is applied to a formula with three ...

  5. The Most Important Social Security Chart You'll Ever See - AOL

    www.aol.com/most-important-social-security-chart...

    It's likely the most important Social Security chart you'll see. ... The earnings limit is $22,320 for 2024 if you don't reach your FRA this year. Social Security will reduce your monthly benefits ...

  6. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    The current Social Security formula used in calculating the benefit level (primary insurance amount or PIA) is progressive vis-à-vis lower average salaries. Anyone who worked in OASDI covered employment and other retirement would be entitled to both the alternative non-OASDI pension and an Old Age retirement benefit from Social Security.

  7. How Social Security benefits are calculated - AOL

    www.aol.com/finance/social-security-benefits...

    The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base.

  8. Social Security's 2025 COLA: Retirees at This Age Will Get ...

    www.aol.com/social-securitys-2025-cola-retirees...

    Step 1: The Social Security Administration calculates the primary insurance amount (PIA) for each person by applying a formula to income from the 35 highest-paid years of work. That happens when a ...

  9. Here Are the Average Social Security Benefits at Ages 62, 67 ...

    www.aol.com/average-social-security-benefits...

    Image source: Getty Images. How Social Security calculates your monthly benefit. Social Security calculates your monthly benefit using your average earnings during the 35 years when you earned the ...

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