Sample case 2
Shows effect of no assumed future inflation on the benefit. Compare to sample case 1, where there is assumed future inflation.
Description
- Male old-age benefit, January 2020
- born January 15, 1954
- retired at age 66 (full retirement age)
- maximum earnings 1975-2019
- no benefit increases after December 2016
- no average wage change after 2015
Result
- PIA = $2,824.40
- MBA = $2,824.00