Sentences with phrase «average wage index»

So what this table shows is that your wages earned in each year you were working have been indexed to compare with the Average Wage Index for your age 62 year, then the top 35 indexed earnings years are totaled and divided by 420 to come up with the Average Indexed Monthly Earnings — your very own AIME.

At that time, the Average Wage Index (AWI) was $ 9,779.44 for 1977 (remember, the AWI is always two years behind)-- and for 2016 the AWI is $ 48,642.15.

Each year the SSA applies an index to the year, based upon an index called the Average Wage Index, and yours is based on the year you'll reach age 62.

We then take your income and we adjust it by the Average Wage Index (AWI), to account for the rise in the standard of living during your working years

Indexed Earnings: We use the Social Security Administrations National Average Wage Index to index wages for the social security benefit calculation

To determine the national average wage index for 2016 at a level that is consistent with the national average wage indexing series for prior years, we multiply the 2015 national average wage index of 48,098.63 by the percentage change in average wages from 2015 to 2016 (based on our tabulated wage data).

Determination of the National Average Wage Index for 2016 To determine the national average wage index for calendar year 2016, we multiplied the 2015 national average wage index of 48,098.63 by the percentage change in average wages from 2015 to 2016, as measured by annual wage data we tabulated.

The average wage indexing values for calculating the AIME are available from the Social Security Administration's site, but future indexing values will also need to be projected based on an assumption about their inflation.

Not exact matches

The Wage Cost Index (WCI) for total hours (excluding bonuses), an indicator of movements in average wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph Wage Cost Index (WCI) for total hours (excluding bonuses), an indicator of movements in average wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph wage rates, increased by 2.8 per cent over the year to the March quarter 2000, which is close to the previous readings for this indicator (Graph 41).

The Wage Cost Index continues to record wages growth at an annual rate of around 3 1/4 per cent, and there has been little change in the wage increases being negotiated under enterprise bargaining, which continue to yield average annualised increases in the 3 1/2 to 4 per cent raWage Cost Index continues to record wages growth at an annual rate of around 3 1/4 per cent, and there has been little change in the wage increases being negotiated under enterprise bargaining, which continue to yield average annualised increases in the 3 1/2 to 4 per cent rawage increases being negotiated under enterprise bargaining, which continue to yield average annualised increases in the 3 1/2 to 4 per cent range.

More recently, wage growth has shown signs of stabilisation, with growth in the private sector wage price index unchanged for the past six quarters, while a broader measure of wage pressures, the growth in average earnings per hour, has picked up of late.

Income tax bands to be triple - locked, increasing by the highest of the Consumer Prices Index, average wage earnings growth or 2.5 per cent - to end the scandal of fiscal drag

Salaries are adjusted for cost of living to the national average using the comparable wage index published by the Bush School of Government & Public Service here.

It is possible to index it after that, though, either to the consumer price index or to some percentage of the average wage (industrial?

To index the minimum wage, use a formula that gives equal weight to the annual change in the average hourly wage and the Consumer Price Index; all increases will be subject to cabinet appindex the minimum wage, use a formula that gives equal weight to the annual change in the average hourly wage and the Consumer Price Index; all increases will be subject to cabinet appIndex; all increases will be subject to cabinet approval

Relative to wage - indexed average earnings, the median total retirement income replacement rate is 106 percent.