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What is PIA?
The Primary Insurance Amount (PIA) is the benefit a person would receive if they elect to begin receiving retirement benefits at their Full Retirement Age (FRA). This pivotal number in the social security system determines your retirement benefit.
The Social Security Administration of the United States explains, the “primary insurance amount,” or PIA, is the sum of three different percentages – of portions – of average indexed monthly earnings. The amounts depend on the year a worker attains age 62, becomes disabled before age 62, or dies before reaching age 62.
For 2025 these portions are the first $1,226, the amount between $1,226 and $7,391, and the amount over $7,391. These dollar amounts are the “bend points” of the 2025 PIA formula.
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