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remuneration" (See Questions 36 to 40) would be $60,000 divided by 450 or $133.33. The figure corresponding to the "insurance amount" - this, in Social Security terminology is the "primary insurance benefit" - is $15 plus 10 per cent of $133.33 or $28.33, increased by 20 per cent (1 per cent for each year of employment, $200 or more having been paid in each one) or $5.67, making a total of $34.00. The whole of the $34.00 is to be subtracted at 65, from the annuity under the Pilots' System.

Example 2. The elapsed time is the same as in Example 1 and the divisor is therefore 450. Creditable compensation from an air line employer is $45,000. The figure corresponding to the "average monthly remuneration" on the basis of air line wages only would be $45,000 divided by 450 or $100.00. The primary insurance benefit on the basis of air line wages only would be $15 plus 10 per cent of $100.00, or $25.00 increased by 15 per cent or $28.75. The total primary insurance benefit based on air line and other wages would be $37.31 ($45,000 plus $24,000 is $69,000, total credited wages for 23 years of employment. $69,000 divided by 450 is $153.33. $15 plus 10 per cent of $153.33 is $30.33. $30.33 increased by 23 per cent is $37.31.) The employment for an air line covered 15 years out of 23. The "air line share" cannot be less than 15/23 of $37.31 or $24.33. Since $24.33 is less than $28.75, the "air line share" is $28.75.

Example 3. The pilot will be 65 on October 1, 1980 Since he was 22 on October 1, 1937, the elapsed time if he lives to 65 will