20 C.F.R. § 404.232
Computing your average monthly wage under the guaranteed alternative.
Cite as 20 C.F.R. § 404.232 (2026)
(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.
- Cross-references to the CFR
- 404.221