A Guide to Maximize Your Social Security Benefits

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 2022 these portions are the first $1,024, the amount between $1,024 and $6,172, and the amount over $6,172. These dollar amounts are the “bend points” of the 2022 PIA formula.

Your “primary insurance amount” or the PIA – see how it’s computed in determining your social security retirement benefit and why, when it’s calculated, why it’s such a pivotal number in the social security system.

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