Latest News
Your “Primary Insurance Amount”; the basis of your benefit
Though most people never dig deeper than the benefit amount they will receive at any given age, the fact is that your Social Security benefit is based upon one number which is the foundation for computing your payment, regardless of which age you claim. That one number is called your “primary insurance amount”, often referred to as your “PIA”, which is an amount calculated from your lifetime earnings record. In this Motley Fool article by Todd Campbell, the author unmasks the PIA and explains how it is computed using the highest earning 35 years of your employment history. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.