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Your Primary Insurance Amount id a Changing Factor
One of the most basic factors in determining one’s Social Security benefit is the Primary Insurance Amount (PIA), a number resulting from analysis of your cumulative work history. As your earnings are reported to the Social Security Administration, either by your employer or as a result of your self-employed income tax return, your PIA is recalculated to ensure that the resulting benefit is adjusted if necessary. An article posted on marca.com provides additional insight into how this process works. Check it out here…