1. LawStack
  2. Title 20 - Employees' Benefits
  3. Chapter III - SOCIAL SECURITY ADMINISTRATION
  4. Part 404 - FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950- )
  5. Subpart C - Computing Primary Insurance Amounts
  6. Topic - Guaranteed Alternative for People Reaching Age 62 After 1978 but Before 1984
  7. 20 CFR § 404.232
20 CFR § 404.232
Computing your average monthly wage under the guaranteed alternative
February 18, 2021
CFR

(a) General. With the exception described in paragraph (b) of this section, we follow the rules in §404.221 to compute your average monthly wage.

(b) Exception. We do not use any year after the year you reach age 61 as a computation base year in computing your average monthly wage for purposes of the guaranteed alternative.

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§ 404.231 Steps in computing your primary insurance amount under the guaranteed alternative—general
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§ 404.233 Adjustment of your guaranteed alternative when you become entitled after age 62

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