NH age 62  1/98
First month of concurrent entitlement  1/99
AIME  $445
Raw PIA 1/98  $400.50
Formula WEP PIA 1/99  $180.30 (Includes 12/98 COLA)
Pension amount 1/99  $100 (all work is noncovered and after 1956)
Step

Action

1

Subtract onehalf the pension amount in the first month of concurrent entitlement
from the raw PIA:

2

Add the 12/98 COLA (1.3 percent):

$350.50 x 1.013 = $355.00 Guarantee PIA effective 1/98

3

The 1/99 PIA cannot be lower than $355.00. Since the formula WEP PIA is $180.30, the
WEP guarantee PIA applies.
The 1/99 FMAX is based on the raw guarantee PIA ($350), the 1998 bendpoints and the
12/98 COLA. The 1/99 FMAX is $531.80.
