Group Life & AnnuitiesQuestion 678 of 716
A worker's Social Security benefit amount is based on the Primary Insurance Amount (PIA), which is derived from the worker's:
a.Number of dependents only
b.Average indexed earnings over their working career
c.Current savings balance
d.The total size and annual payroll of the worker's single most recent employer
Explanation
The PIA is computed from the worker's averaged, indexed lifetime earnings and determines the benefit at full retirement age. Savings, employer size, and dependent count do not set the PIA.
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Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)