Statutes, codes, and regulations
Code of Federal Regulations
Title 20 - EMPLOYEES' BENEFITSChapter III - SOCIAL SECURITY ADMINISTRATIONPart 404 - FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950-)Subpart C - COMPUTING PRIMARY INSURANCE AMOUNTS
OLD-START METHOD OF COMPUTING PRIMARY INSURANCE AMOUNTS
Section 404.242 - Use of old-start primary insurance amount as guaranteed alternative

20 C.F.R. § 404.242

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Current through November 30, 2024
Section 404.242 - Use of old-start primary insurance amount as guaranteed alternative

If your primary insurance amount as computed under the old-start method is higher than your primary insurance amount computed under the average-monthly-wage method, your old-start primary insurance amount will serve as the guaranteed alternative to your primary insurance amount computed under the average-indexed-monthly-earnings method, as described in § 404.230 . However, earnings that you have in or after the year you reach age 62, or become disabled or die before age 62 are not used in an old-start computation in this situation.

20 C.F.R. §404.242