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Estimated PIA at FRA
$1,632.80
Estimated monthly benefit at claim age
$1,415.09
Monthly benefit adjustment
Reduced by 13.33% if claimed at 65
Benefit in first payout year
$1,562.38
Assumed bend points
BP1 1,160, BP2 7,023
Monthly COLA first year
2%
Total payout (simple)
$254,716.80
These estimates use bend points for a single example year and are illustrative.