Webb9 nov. 2012 · They’re called bend points because they represent points on a graph of your AIME graphed by inclusion in calculating the PIA. If you’re interested in how Bend Points are used, you can see the article on Primary Insurance Amount. Current year’s AWI Series divided by 1977’s AWI figure, times the bend points for 1979 equals your current ... Webb3 nov. 2024 · Primary Insurance Amount - PIA: A calculation, used in conjunction with the Average Indexed Monthly Earnings (AIME), to determine a person's social security benefits. The Primary Insurance Amount ...
What Is Primary Insurance Amount? 2024 - Ablison
Webb28 mars 2024 · As shown in the figure below, the current benefit formula includes two “bend points” at which the marginal replacement rate for earnings (also known as the PIA factor) changes. In 2024, the bend points are $1,115 and $6,721, with the PIA replacing: 90% of the first $1,115 of AIME. 32% of AIME between $1,115 and $6,721. Webb11 mars 2024 · Primary Insurance Amount (PIA) Bend Points: 90 / 32 / 15: 93 / 32 / 15 / 2: Cost of Living Adjustment (COLA) CPI for Urban Wage Earners and Clerical Workers (CPI-W) CPI for Elderly (CPI-E) Special Minimum PIA: Indexed to CPI-W, full special minimum PIA is $872.50 in 2024: heuberger subaru parts
Social Security Bend Points for 2015 - Getting Your Financial …
WebbEnter your earnings data from ssa.gov into the Social Security Calculator to learn whether or not you’ve passed the first and second bend points and what your expected benefit would be if you retired today.. For a full explanation, please see the post Social Security and Early Retirement 2024: Know Your Bend Points!. Scroll down to the year of your first … Webb9 sep. 2024 · The WEP PIA uses the exact same bend points, but you get a smaller percentage up to the first bend instead of 90%. The percentages above the first bend point remain the same (32% and 15%). The percentage for the first bend depends on how many years of “substantial” Social Security earnings you have. WebbThe two PIA bend-points for workers first becoming eligible for benefits in 2024 ... born in 1960 with respect to retired-worker benefits) are $1,024 and $6,172. The three MFB bend-points for 2024 eligibilities are $1,308, $1,889 and $2,463. The complete list of wage- indexed program parameters for 2024 and corresponding values for previous ez8839