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2. How Social Security benefits are calculated - AOL

   www.aol.com/finance/social-security-benefits...

   The formula for calculating your PIA is based on the average indexed monthly earnings, or AIME, in your 35 highest-earning years after age 21, up to the Social Security wage base. In 2024, the ...

3. How is the maximum Social Security benefit calculated? - AOL

   www.aol.com/finance/most-social-security-2024-4...

   Social Security's formula bases benefit amounts primarily on two factors: average earnings — up to a certain amount — over a worker's 35 highest-income years and the age they claim benefits.

4. Primary Insurance Amount - Wikipedia

   en.wikipedia.org/wiki/Primary_Insurance_Amount

   Primary Insurance Amount. The Primary Insurance Amount ( PIA [1]) is a component of Social Security provision in the United States. Eligibility for receiving Social Security benefits, for all persons born after 1929, requires accumulating a minimum of 40 Social Security credits. Typically this is accomplished by earning income from work on ...

5. 2023 Social Security: 6 numbers you need to know - AOL

   www.aol.com/finance/2023-social-security-6...

   If you first became eligible for Social Security benefits in 2023 because you reached age 62 or became disabled, you can calculate your benefits at full retirement age using the following formula ...

6. Congressional pension - Wikipedia

   en.wikipedia.org/wiki/Congressional_pension

   Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service ...

7. This Is the Average Social Security Benefit for Age 70 - AOL

   www.aol.com/average-social-security-benefit-age...

   The average reward for waiting until age 70 is quite substantial, and it shows up in the data. The average 70-year-old collecting Social Security received $1,963.48 in December 2022, according to ...