Social Security uses three things to calculate your Primary Insurance
Amount, or your basic benefit before adjusting for early or late
- retirement.
+ retirement. {explanationAIME(userStateYearOf62, userAIME)}
The three inputs are:
@@ -69,50 +158,358 @@ const renderSections = ({ isInCarousel }: { isInCarousel?: boolean } = {}) => {
We'll walk you through an example in the following steps.
Social Security calculates how much of your Average Indexed Monthly
Earnings (AIME) fall below your first bend point. Bend points
- are set by law and correspond to the year of your birth. For this
- example, we are using the bend points for someone who turned 62 in 2018,
- and had AIME of $6,000.
+ are set by law and correspond to the year of your birth.
- You get 90% of what falls under this bend point.
+ You get {formatPercent(beforeFirstBendPointPercent)} of what falls under
+ this bend point.
+
+ However, if you answered “Yes” to the first question in the “Employment + Status” section of this website, the amount you get back of this first + bucket will be different. To learn more, please see the + + Windfall Elimination Provision pamphlet +
-Social Security calculates how much of your AIME fall below your first and second bend points.
-Social Security calculates how much of your AIME fall below your second bend point.
-Finally, Social Security adds the results of the three previous steps altogether.
-+ Remember: this is the basic amount you are paid before Social Security + adjusts your benefits lower for early retirement, or higher for delayed + retirement. +
+I currently have an overpayment, so what should I do?
+ + See the SSA document on Overpayments + + +How can I work on changing this law?
+ + Find your Representative + + +How can I talk with my representative about Social Security?
+ + Request for your Representative's staff to look at your case + +