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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.