Regulacje i polityka gospodarcza · 25.10.2002

Cost-of-Living Increase and Other Determinations for 2003

The Commissioner has determined-- (1) A 1.4 percent cost-of-living increase in Social Security benefits under title II of the Social Security Act (the Act), effective for December 2002; (2) An increase in the Federal Supplemental Security Income (SSI) monthly benefit amounts under title XVI of the Act for 2003 to $552 for an eligible individual, $829 for an eligible individual with an eligible spouse, and $277 for an essential person; (3) The student earned income exclusion to be $1,340 per month in 2003 but not more than $5,410 in all of 2003; (4) The dollar fee limit for services performed as a representative payee to be $30 per month ($58 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 2003; (5) The national average wage index for 2001 to be $32,921.92; (6) The Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base to be $87,000 for remuneration paid in 2003 and self-employment income earned in taxable years beginning in 2003; (7) The monthly exempt amounts under the Social Security retirement earnings test for taxable years ending in cal