Identification Number:
RS 00605 TN 71
Intended Audience:See Transmittal Sheet
Originating Office:ORDP OISP
Title:Initial Computation of the PIA - Recomputations and Recalculations
Type:POMS Transmittals
Program:Title II (RSI)
Link To Reference:
 

PROGRAM OPERATIONS MANUAL SYSTEM
Part RS – Retirement and Survivors Insurance
Chapter 006 – Determination of PIAs and Benefit Amounts
Subchapter 05 – Initial Computation of the PIA - Recomputations and Recalculations
Transmittal No. 71, 11/01/2019

Audience

PSC: BA, CA, CCRE, CS, DE, DS, DT, IES, PETE, RECONR, RECOVR, SCPS, TSA, TST;
OCO-OEIO: BIES, BTE, CR, CTE, FCR, PETL, RECONR;
OCO-ODO: BTE, CR, CST, CTE, CTE TE, PETE, PETL;
FO/TSC: CS, CS TII, CSR, CTE, DRT, DT, FR, OA, OS, RR, TA, TSC-CSR;

Originating Component

OISP

Effective Date

Upon Receipt

Background

This is a Quick Action Transmittal. These revisions do not change or introduce new policy or procedure.

Summary of Changes

RS 00605.945 Indexing Factors for 2020 Eligibility

We created the chart to reflect the indexing factors for 2020 eligibility as a result of the 2018 national average wage index.

RS 00605.945 Indexing Factors for 2020 Eligibility

Use the chart in this section to manually index earnings of any wage earner who is initially eligible in the year 2020.

Year Maximum Earnings Average Earnings Actual Earnings X Indexing Factor = Indexed Earnings
1959 $4,800

$3,855.80

 

 

 

 

 

13.5239898

 

 

 

 

 

1960

$4,800

 

$4,007.12

 

 

 

 

 

13.0132864

 

 

 

 

 

1961

$4,800

 

$4,086.76

 

 

 

 

 

12.7596923

 

 

 

 

 

1962

$4,800

 

$4,291.40

 

 

 

 

 

12.1512327

 

 

 

 

 

1963

$4,800

 

$4,396.64

 

 

 

 

 

11.8603752

 

 

 

 

 

1964

$4,800

$4,576.32

 

11.3947014
1965 $4,800 $4,658.72

 

11.1931604

 

 

 

 

1966 $6,600 $4,938.36

 

10.5593355
1967 $6,600 $5,213.44

 

10.0021867
1968 $7,800 $5,571.76

 

 

 

 

 

9.3589458

 

 

 

 

1969 $7,800 $5,893.76

 

8.8476287

1970

 

$7,800

 

$6,186.24

 

 

 

 

 

8.4293206

 

 

 

 

1971

 

$7,800

 

$6,497.08

 

 

 

 

 

8.0260363

 

 

 

 

 

1972

 

$9,000

 

$7,133.80

 

 

 

 

 

7.3096807

 

 

 

 

 

1973

 

$10,800

 

$7,580.16

 

 

 

 

 

6.8792479

 

 

 

 

 

1974

 

$13,200

 

$8,030.76

 

 

 

 

 

6.4932584

 

 

 

 

 

1975

 

$14,100

 

$8,630.92

 

 

 

 

 

6.0417429

 

 

 

 

 

1976

 

$15,300

 

$9,226.48

 

 

 

 

 

5.6517545

 

 

 

 

 

1977

 

$16,500

 

$9,779.44

 

 

 

 

 

5.3321867

 

 

 

 

 

1978

 

$17,700

 

$10,556.03

 

 

 

 

 

4.9399064

 

 

 

 

 

1979

 

$22,900

 

$11,479.46

 

 

 

 

 

4.5425307

 

 

1980

 

$25,900

 

$12,513.46

 

 

 

 

 

4.1671768

 

 

 

 

1981

 

$29,700

 

$13,773.10

 

 

 

 

 

3.7860612

 

 

 

 

 

1982

 

$32,400

 

$14,531.34

 

 

 

 

 

3.5885059

 

 

 

 

 

1983

 

$35,700

 

$15,239.24

 

 

 

 

 

3.4218111

 

 

 

 

 

1984

 

$37,800

 

$16,135.07

 

 

 

 

 

3.2318298

 

 

 

 

 

1985 $39,600 $16,822.51

 

3.0997634

1986

 

$42,000

 

$17,321.82

 

 

 

 

 

3.0104111

 

 

 

 

 

1987 $43,800 $18,426.51

 

2.8299336
1988 $45,000 $19,334.04

 

2.6970980
1989 $48,000 $20,099.55

 

2.5943765
1990 $51,300 $21,027.98

 

2.4798293
1991 $53,400 $21,811.60

 

2.3907370
1992 $55,500 $22,935.42

 

2.2735925
1993 $57,600 $23,132.67

 

2.2542058
1994 $60,600 $23,753.53

 

2.1952863
1995 $61,200 $24,705.66

 

2.1106823
1996 $62,700 $25,913.90

 

2.0122714
1997 $65,400 $27,426.00

 

1.9013272
1998 $68,400 $28,861.44

 

1.8067636
1999 $72,600 $30,469.84

 

1.7113907
2000 $76,200 $32,154.82

 

1.6217102
2001 $80,400 $32,921.92

 

1.5839234
2002 $84,900 $33,252.09

 

1.5681962
2003 $87,000 $34,064.95

 

1.5307758
2004 $87,900 $35,648.55

 

1.4627748
2005 $90,000 $36,952.94

 

1.4111408
2006 $94,200 $38,651.41

 

1.3491306
2007 $97,500 $40,405.48

 

1.2905626
2008 $102,000 $41,334.97

 

1.2615420
2009 $106,800 $40,711.61

 

1.2808582
2010 $106,800 $41,673.83

 

1.2512841
2011 $106,800 $42,979.61

 

1.2132683
2012 $110,100 $44,321,.67

 

1.1765306
2013 $113,700 $44,888.16

 

1.1616827
2014 $117,000 $46,481.52

 

1.1218609
2015 $118,500 $48,098.63

 

1.0841431
2016 $118,500 $48,642.15

 

1.0720291
2017 $127,200 $50,321.89

 

1.0362449
2018 $128,400 $52,145.80

 

1.0000000
2019 $132,900 N/A

 

1.0000000
2020 $137,700 N/A

 

1.0000000

RS 00605 TN 71 - Initial Computation of the PIA - Recomputations and Recalculations - 11/01/2019