What is a Social Security Primary Insurance Amount (PIA)?

A person’s primary insurance amount (PIA) is the amount of their monthly retirement benefit, if they file for that benefit exactly at their full retirement age.

If you file for your retirement benefit prior to your full retirement age, your monthly retirement benefit will be less than your primary insurance amount.

If you file for your retirement benefit after reaching your full retirement age, your monthly retirement benefit will be greater than your primary insurance amount.

You can find more details about the calculation of monthly retirement benefits here.

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