§404.231. Steps in computing your primary insurance amount under the guaranteed alternative—general.
20 C.F.R. § 404.231
If you reach age 62 after 1978 but before 1984, we follow three major steps in finding your guaranteed alternative:
First, we compute your average monthly wage, as described in § 404.232;
Second, we find the primary insurance amount that corresponds to your average monthly wage in the benefit table in appendix III.
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.
Notes, amendments, and revision history
Authority
Authority: Secs. 202(a), 205(a), 215, and 702(a)(5) of the Social Security Act (42 U.S.C. 402(a), 405(a), 415, and 902(a)(5)).
Source
Source: 47 FR 30734, July 15, 1982, unless otherwise noted.