20 CFR 404.231
§ 404.231 Steps in computing your primary insurance amount under the guaranteed alternative—general.
United States · 20 CFR — Employees' Benefits · Status: effective
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- Citation
- 20 CFR 404.231, § 404.231 Steps in computing your primary insurance amount under the guaranteed alternative—general, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/78166
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Full text
If you reach age 62 after 1978 but before 1984, we follow three major steps in finding your guaranteed alternative:
(a) First, we compute your average monthly wage, as described in § 404.232;
(b) Second, we find the primary insurance amount that corresponds to your average monthly wage in the benefit table in appendix III.
(c) Then we apply any automatic cost-of-living or ad hoc increases in primary insurance amounts that have become effective in or after the year you reached age 62.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.