Average Indexed Monthly Earnings (AIME)

Average Indexed Monthly Earnings (AIME),

Average Indexed Monthly Earnings (AIME): What is the Meaning of Average Indexed Monthly Earnings (AIME)?

  • The Indexed Average Monthly Income (AIME) is a calculation used to determine social security benefits, including disability.

    A person's AEM is calculated by first adding to the amount earned during the first thirty-five years of their income. The result is divided by 35 to get the average annual income, followed by twelve to get the indexed average monthly income.

  • You can define Average Indexed Monthly Earnings (AIME) as, As part of the OASDI program, a person's actual income is indexed to determine the amount of basic insurance.

  • The US Social Security System uses the Indexed Average Monthly Wage (AIME) to calculate the basic insurance amount, to be paid under Title II of the Social Security Act, using the newly introduced 1978 method. Determines the amount of benefits. The average monthly income of the average beneficiary is adjusted by inflation. O When we calculate the benefits of insured employees, we first adjust their income or list it to reflect changes in total wages. Observed during the worker's years of service. The indexing ensures that the worker's future performance reflects the general improvement in quality of life that occurred during his or her tenure. It takes up to 35 years to calculate the estimated average monthly income. After determining the number of years, we select the year with the most indexable income, sum up these sorted earnings, and divide the total by the total number of months in those years. Then we do the average amount we get in the next lower number. The result is AIME.

Literal Meanings of Average Indexed Monthly Earnings (AIME)

Average:

Meanings of Average:
  1. Earn or reach an average rate or value over a period of time.

  2. A number that represents the central or general value in a dataset, specifically the mode, median, or (more commonly) mean value, which is calculated by dividing the number of values ​​in the dataset by their number. Goes

  3. Transfer of financial responsibility for damage or financial loss to the ship or its cargo

  4. Find the result by adding some quantity and dividing that number by the amount of quantity.

Sentences of Average
  1. 2.4% average annual inflation

  2. Household prices are twice the national average

  3. Special average means partial damage or loss of ship, cargo or goods.

  4. The average temperature in May is 64 ° F

Synonyms of Average

median, centre, middle, midpoint, mean, mode, medial

Indexed:

Meanings of Indexed:
  1. Save to index (name, title, etc.)

  2. Values ​​(prices, salaries, or other payments) are automatically linked to the prices of the price index.

  3. (Machine or part of a machine) moves from one predefined position to another to perform the sequence of operations.

  4. Alphabetical list of names, articles, etc. (in a book or series of books) on the page on which they are mentioned.

  5. The brand or measure of something.

  6. Another template or subscript or superscript has been added to the set.

  7. Indicates the instrument that measures the scale, and so does the intensity.

Sentences of Indexed
  1. List these lists under regional headings

  2. The Supreme Soviet passed a law linking wages to prices

  3. Occupying joint positions on the position adjacent to the reverse and index pins

  4. Provide clear citations with broad indicators

  5. Test scores can be used as an indicator of teacher effectiveness.

  6. There is evidence in the article that for any closed fold, the sum of the general vector field indexes is the topological agent, that is, the characteristic of the eller.

Synonyms of Indexed

clue, evidence, finger, suggestion, needle, hint, token, indicator, implication, guide, signal, indication, hand, intimation, lead, symptom, sign, mark, pointer, marker

Monthly:

Meanings of Monthly:
  1. Once a month, every month, every month.

  2. The monthly is published once a month.

  3. Menstruation

  4. Performing, producing or performing once a month.

Sentences of Monthly
  1. Most of us get paid monthly

  2. An Anglo-American monthly magazine whose appeal is always international

  3. Directors meet monthly

Synonyms of Monthly

treatise, yearbook, register, almanac, work, hardback, title, book, opus, volume, manual, paperback, tome, compendium

Earnings:

Meanings of Earnings:
  1. Charges for work or services.

Sentences of Earnings
  1. Compensation for lost profits

Synonyms of Earnings

pay, stipend, wages, salary, income, take-home pay, gross pay, net pay

Average Indexed Monthly Earnings (AIME),

Average Indexed Monthly Earnings (AIME) Definition:

  1. A simple definition of Average Indexed Monthly Earnings (AIME) is: Averaged Monthly Income (AIME) is a calculation used to determine social security benefits, including disability.

    A person's AIME account is first added to the amount he or she has earned during the first thirty-five years. The resulting number is divided by 35 to get the average annual income, then divided by twelve to get the indexed average monthly income.

  2. As part of the OASDI program, a person's actual income is adjusted to determine the amount of basic insurance.

  3. Definition of Average Indexed Monthly Earnings (AIME): The Indexed Average Monthly Wage (AIME) is used in the U.S. Social Security system to calculate the amount of basic insurance, the amount of benefits paid under Social Security Act II under the new 1978 S-Met. Determines the average monthly income specifically indexed. The adjusted monthly average of the monthly income that the beneficiaries receive in their time. When we calculate the performance of an insured employee, we first adjust or index their income to reflect a change in total wages. Occurred during employee management. Indexing ensures that workers' performance reflects a general improvement in their quality of life. You must have up to 35 years of age to calculate the average monthly income. After determining the number of years, we determine the years with the most indexed earnings, sum up those indexed earnings, and divide the total by the number of months in those years. We then pass the average amount received to the next lowest dollar amount. The result is AIME.

Literal Meanings of Average Indexed Monthly Earnings (AIME)

Average:

Meanings of Average:
  1. A number that represents the central or specific value of a dataset, specifically the mode, median, or (often) mean value, which is calculated by dividing the number of values ​​in the dataset by their amount.

  2. Transfer of financial responsibility for damage or loss to the ship or its cargo.

  3. It adds some quantity to form the result and then divides that number by the sum of the quantities.

  4. Amount during total or average level achieved or average period.

Sentences of Average
  1. The proportion of people over the age of 60 is 19% higher than the EU average

  2. May's average temperature is 4 ° C below normal.

Synonyms of Average

par, the general run, norm, rule, standard

Indexed:

Meanings of Indexed:
  1. Automatically associates a price (price, salary, or other payment) with the price index value.

  2. (Machine or part of a machine) moves from one predefined position to another to perform a sequence of tasks.

Sentences of Indexed
  1. List of articles under regional headings

  2. Flip and index to occupy adjacent joint positions.

Monthly:

Meanings of Monthly:
  1. Prepared, prepared or performed once a month.

  2. Once every month.

  3. A monthly magazine.

Sentences of Monthly
  1. Directors hold monthly meetings.

  2. An Anglo-American monthly magazine that always has an international appeal.

  3. Your period is so bad you can cry.

Earnings:

Meanings of Earnings:
  1. Money received in return for work or services.

Synonyms of Earnings

dividends, takings, gain, emolument, return, honoraria, pickings, profit, remuneration, payment, perks, fees, yield, proceeds, revenue, fringe benefits