The Social Security special minimum benefit provides a primary insurance amount (PIA) to low-earning workers. The lowest minimum PIA, with at least 11 years of work, is $49.40 per month in 2023 and $50.90 in 2024. The full minimum PIA, which requires at least 30 years of work, is $1,033.50 per month in 2023 and $1,066.50 in 2024.Unlike regular Social Security, which pays out retirement benefits according to your past income, special minimum benefits are calculated based on how many years you’ve worked.The Social Security special minimum benefit is a program that was enacted in 1972 in order to provide benefits to those who earn a low wage.» MORE: Estimate your Social Security retirement benefits with our calculatorBut the monthly amount you’ll actually receive if you qualify for this benefit varies based on when you file for Social Security retirement benefits:You'll receive less if you file early. You can file for benefits starting at age 62, but the amount will be reduced if you file...
