Code of Federal Regulations · Section
§ 404.232 — Computing Your Average Monthly Wage Under The Guaranteed Alternative
20 C.F.R. § 404.232
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(a) General. With the exception described in paragraph (b) of this section, we follow the rules in § 404.221 to compute your average monthly wage.
(b) Exception. We do not use any year after the year you reach age 61 as a computation base year in computing your average monthly wage for purposes of the guaranteed alternative.
Authorizing Statute
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Old-age and survivors insurance benefit payments42 U.S.C. § 402