Regulacje i polityka gospodarcza · 30/10/2012

Cost-of-Living Increase and Other Determinations for 2013

Under title II of the Social Security Act (Act), there will be a 1.7 percent cost-of-living increase in Social Security benefits effective December 2012. As a result of this increase, the following items will increase for 2013: (1) The maximum Federal Supplemental Security Income (SSI) monthly benefit amounts for 2013 under title XVI of the Act will be $710 for an eligible individual, $1,066 for an eligible individual with an eligible spouse, and $356 for an essential person; (2) The special benefit amount under title VIII of the Act for certain World War II veterans will be $532.50 for 2013; (3) The student earned income exclusion under title XVI of the Act will be $1,730 per month in 2013, but not more than $6,960 for all of 2013; (4) The dollar fee limit for services performed as a representative payee will be $39 per month ($76 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 2013; and (5) The dollar limit on the administrative cost assessment charged to attorneys representing claimants will be $88 in 2013. The national average wage index for 2011 is $42,979.61. Thi