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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (95024)	3/14/2002 2:18:20 PM
From: Raul Prytog	Read Replies (2) \| Respond to of 132070

Check out these PIA calculators: ssa.gov The SS Benefit (IOU) (or known in Social Security circles as the Primary Insurance Amount (PIA)) is only marginally related to the taxes you pay. The PIA is the result of a formula applied to your average wages (not in excess of the year by year wage-base) during your highest 35 years compensation history. (some exceptions apply). Wages in the calculation of the highest 35 are indexed for inflation. So for example: If you're age 62, you're making 40k per year now, and your past wages have always increased exactly with wage inflation then your average wage should work out to be 40k, even though you were making a lot less in 1962. Once you calculate the Average Indexed Monthly Earnings (AIME), the formula is "progressive". If the AIME is low, the PIA might be as high as 65% of AIME. If the AIME is high, the PIA might be as low as 20% of AIME. While checking this out, I learned this week in 1937 (3/11/1937), the first Social Security lump sum of $0.17 was paid. ssa.gov Also while "Susan" was the 4 the most popular girls name in the 1950, it appears to be 974th most popular boys name for the same decade. ssa.gov -Raul