PIA
Business & Finance abbreviation · Personal Finance
| Stands for | Primary insurance amount |
|---|---|
| Categories | Business & Finance |
PIA stands for Primary insurance amount, a personal finance abbreviation.
Social Security benefit a worker would receive by claiming at full retirement age, calculated by applying a progressive formula to average indexed monthly earnings. Early and delayed retirement benefits, spousal benefits and survivor benefits are all computed from it.
Example: Her spousal benefit at full retirement age will equal half of his PIA.
Usage notes
The formula uses "bend points" that are adjusted each year for wage growth.
Related abbreviations
More personal finance abbreviations
- LISA – Lifetime ISA
- LPFSA – Limited-purpose flexible spending account
- MMA – Money market account
- NPS – National Pension System
- NUA – Net unrealized appreciation
- P2P – Peer-to-peer payments
- POD – Payable on death
- PPF – Public Provident Fund
- PSLF – Public Service Loan Forgiveness
- QDRO – Qualified domestic relations order
- QLAC – Qualified longevity annuity contract
- RDSP – Registered Disability Savings Plan