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(1) For computations using the benefit formulas in effect for 1979 through 1982, we round the total upward to the nearest $0.10, and
(2) For computations using the benefit formulas in effect for 1983 and later, we round the total downward to the nearest $0.10.
Year you reach age 62[1] | 90 percent of the first— | plus 32 percent of the next— | plus 15 percent of AIME over— |
---|---|---|---|
1979 | $180 | $905 | $1,085 |
1980 | 194 | 977 | 1,171 |
1981 | 211 | 1,063 | 1,274 |
1982 | 230 | 1,158 | 1,388 |
1983 | 254 | 1,274 | 1,528 |
1984 | 267 | 1,345 | 1,612 |
1985 | 280 | 1,411 | 1,691 |
1986 | 297 | 1,493 | 1,790 |
1987 | 310 | 1,556 | 1,866 |
1988 | 319 | 1,603 | 1,922 |
1989 | 339 | 1,705 | 2,044 |
1990 | 356 | 1,789 | 2,145 |
1991 | 370 | 1,860 | 2,230 |
1992 | 387 | 1,946 | 2,333 |
[1]Or become disabled or die before age 62.
[57 FR 44096, Sept. 24, 1992; 57 FR 45878, Oct. 5, 1992]
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Last reviewed or modified Wednesday Apr 01, 2009 |