20 CFR § 404.232 Federal Old-Age, Survivors and Disability Insurance (1950- )

§ 404.232 Computing your average monthly wage under the guaranteed alternative.

Current through Sep 9, 2026 · Read all of Part 404

⚠ 1 pending change to Part 404

(a) General. With the exception described in paragraph (b) of this section, we follow the rules in § 404.221 to compute your average monthly wage.

(b) Exception. We do not use any year after the year you reach age 61 as a computation base year in computing your average monthly wage for purposes of the guaranteed alternative.

← § 404.231 Steps in computing your primary insurance amount under the guaranteed alternative—general.§ 404.233 Adjustment of your guaranteed alternative when you become entitled after age 62. →