Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 20 - Employees' Benefits |
Chapter III - Social Security Administration |
Part 404 - Federal Old-Age, Survivors and Disability Insurance (1950- ) |
Subpart C - Computing Primary Insurance Amounts |
Guaranteed Alternative for People Reaching Age 62 After 1978 but Before 1984 |
§ 404.232 - Computing your average monthly wage under the guaranteed alternative.
Latest version.
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§ 404.232 Computing your average monthly wage under the guaranteed alternative.
(a) General. With the exception described in paragraph (b) of this section, we follow the rules in § 404.221 to compute your average monthly wage.
(b) Exception. We do not use any year after the year you reach age 61 as a computation base year in computing your average monthly wage for purposes of the guaranteed alternative.