US Government Information/Social Security Earnings

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Question
Hello:

Is the monthly Social Security amount/earnings for retired individuals called the Average Indexed Monthly Earnings (AIME)?

If not, does it have a different name?

I thank you for your reply!

Answer
The AIME is the amount used to calcite a primary insurance amount (PIA).  The PIA is the amount paid at full retirement age.  If benefits begin earlier the amount is age reduced and if it begins later, the benefit is increased due to delayed retirement credits.

US Government Information

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Darlene Oldendick

Expertise

Social Security retirement planning and all questions about Social Security eligibility and entitlement.

Experience

Worked for the Social Security Administration for 33 years

Publications
http://www.socialsecurityadviceonline.com

Education/Credentials
33 years employment with the Social Security Administration

Awards and Honors
Many outstanding performance awards while employed at the Social Security Administration

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