20 CFR § 404.232 - Computing your average monthly wage under the guaranteed alternative.
---
identifier: "/us/cfr/t20/s404.232"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "20 CFR § 404.232 - Computing your average monthly wage under the guaranteed alternative."
title_number: 20
title_name: "Employees' Benefits"
section_number: "404.232"
section_name: "Computing your average monthly wage under the guaranteed alternative."
chapter_name: "SOCIAL SECURITY ADMINISTRATION"
part_number: "404"
part_name: "FEDERAL OLD-AGE, SURVIVORS AND DISABILITY INSURANCE (1950- )"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
cfr_part: "404"
---
# 404.232 Computing your average monthly wage under the guaranteed alternative.
(a) *General.* With the exception described in paragraph (b) of this section, we follow the rules in § 404.221 to compute your average monthly wage.
(b) *Exception.* We do not use any year after the year you reach age 61 as a computation base year in computing your average monthly wage for purposes of the guaranteed alternative.