Program Explainer: Special Minimum Benefit (2024)

DEFINITION: The special minimum benefit is a special minimum primary insurance amount (PIA) enacted in1972 to provide adequate benefits to long-term low earners. The first full special minimum PIA in1973 was $170 per month. Beginning in1979, its value has increased with price growth and is$886 per month in2020. a

a. Social Security Administration, Annual Statistical Supplement,2020, Table2.A12b.

b. Of the32,100, approximately 17,500 are retired female workers and 11,000 are retired male workers. For a full breakdown of the remaining beneficiaries, see Social Security Administration, Annual Statistical Supplement,2020, Table5.A8.

c. To qualify for the full special minimum PIA, a person must have 30years of coverage (YOC). A person with 11to 29YOCs can qualify for a prorated specialminimum.

Program Explainer: Special Minimum Benefit (2024)
Top Articles
Latest Posts
Article information

Author: Kelle Weber

Last Updated:

Views: 5671

Rating: 4.2 / 5 (73 voted)

Reviews: 80% of readers found this page helpful

Author information

Name: Kelle Weber

Birthday: 2000-08-05

Address: 6796 Juan Square, Markfort, MN 58988

Phone: +8215934114615

Job: Hospitality Director

Hobby: tabletop games, Foreign language learning, Leather crafting, Horseback riding, Swimming, Knapping, Handball

Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.