What percentage of her primary insurance amount is a worker entitled to receive as her Social Security retirement benefit at normal age?

A worker is entitled to receive 100% of her primary insurance amount (PIA) as her Social Security retirement benefit when she claims benefits at her normal retirement age. The Primary Insurance Amount is calculated based on the worker's lifetime earnings and is intended to provide financial support during retirement.

Normal retirement age varies depending on the worker's birth year; however, for most people nearing retirement in recent years, it typically falls between ages 66 and 67. At this age, individuals have fully qualified for the benefits accrued through their contributions to Social Security during their employment years. Claiming benefits at this age means the worker is allowed to collect the full PIA without any reductions or penalties, which is essential for financial planning and income stability during retirement.

Retiring before normal retirement age would result in a reduced benefit percentage of the PIA, while delaying benefits beyond this age could potentially increase the monthly benefits through delayed retirement credits. Understanding these aspects helps workers make informed choices about when to retire and claim their benefits.