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§ 404.232 - Computing your average monthly wage under the guaranteed alternative.

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General. With the exception described in paragraph (b) of this section, we follow the rules in § 404.221 to compute your average monthly wage.

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.

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§ 404.231 - Steps in computing your primary insurance amount under the guaranteed alternative—general.
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§ 404.233 - Adjustment of your guaranteed alternative when you become entitled after age 62.