Regulacje i polityka gospodarcza · 25/10/2001

Cost-of-Living Increase and Other Determinations for 2002

The Commissioner has determined-- (1) A 2.6 percent cost-of-living increase in Social Security benefits under title II of the Social Security Act (the Act), effective for December 2001; (2) An increase in the Federal Supplemental Security Income (SSI) monthly benefit amounts under title XVI of the Act for 2002 to $545 for an eligible individual, $817 for an eligible individual with an eligible spouse, and $273 for an essential person; (3) The student earned income exclusion to be $1,320 per month in 2002 but not more than $5,340 in all of 2002; (4) The dollar fee limit for services performed as a representative payee to be $30 per month ($57 per month in the case of a beneficiary who is disabled and has an alcoholism or drug addiction condition that leaves him or her incapable of managing benefits) in 2002; (5) The national average wage index for 2000 to be $32,154.82; (6) The Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base to be $84,900 for remuneration paid in 2002 and self-employment income earned in taxable years beginning in 2002; (7) For beneficiaries who will not have reached their normal retirement age by the end of 2002, the monthly exemp