StacksVerified U.S. regulatory reference

20 CFR §404.231

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
If you reach age 62 after 1978 but before 1984, we follow three major steps in finding your guaranteed alternative:
  1. (a)First, we compute your average monthly wage, as described in § 404.232;
  2. (b)Second, we find the primary insurance amount that corresponds to your average monthly wage in the benefit table in appendix III.
  3. (c)Then we apply any automatic cost-of-living or ad hoc increases in primary insurance amounts that have become effective in or after the year you reached age 62.