An estimate for a person who is age 62 or older is calculated using the actual indexing
year and bend points and any applicable COLAs.
An estimate for a person who is under age 62 is calculated using the current indexing
year and the current bend points.
Prior to 9/1993 retirement estimates were increased by a percentage equal to the number
of years from the current year until the individual's age 62 attainment year. This
was called the wage growth percentage. All estimates issued in 9/1993 or later are
based on current dollar values.
NOTE: All estimates not in $5 increments are rounded to the lower $5.