Sample case 1

Shows effect of assumed future inflation on the benefit. Compare to sample case 2, where there is no future inflation.

Description

• Male old-age benefit, January 2020
• born January 15, 1954
• retired at age 66 (full retirement age)
• maximum earnings 1975-2019
• alternative II assumptions

Result

• PIA = $3,064.40
• MBA = $3,064.00