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Proposed Revisions to the Social Security Special Minimum Benefit for Low Lifetime Earners
Office of Retirement and Disability Policy, U.S. Social Security Administration [SSA]
Sept. 18, 2014
"The special minimum benefit, an alternative primary insurance amount (PIA) intended to increase benefits for long-term low-wage earners, is projected to be functionally obsolete for retired workers beginning with those who will become eligible for benefits between 2017 and 2023.... This brief uses projections from Version 6 of the Modeling Income in the Near Term (MINT6) microsimulation model to show how various proposed minimum benefit policy levers could affect aged beneficiaries."
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