Office of the Commissioner; Cost-of-Living Increase and Other Determinations for the Year 2000

Riepilogo

The Commissioner has determined-- (1) A 2.4 percent cost-of-living increase in Social Security benefits under title II of the Social Security Act (the Act), effective for December 1999; (2) An increase in the Federal Supplemental Security Income (SSI) monthly benefit amounts under title XVI of the Act for 2000 to $512 for an eligible individual, $769 for an eligible individual with an eligible spouse, and $257 for an essential person; (3) The national average wage index for 1998 to be $28,861.44; (4) The Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base to be $76,200 for remuneration paid in 2000 and self-employment income earned in taxable years beginning in 2000; (5) For beneficiaries under age 65, the monthly exempt amount under the Social Security retirement earnings test for taxable years ending in calendar year 2000 to be $840; (6) The dollar amounts (``bend points'') used in the benefit formula for workers who become eligible for benefits in 2000 to be $531 and $3,202; (7) The dollar amounts (``bend points'') used in the formula for computing maximum family benefits for workers who become eligible for benefits in 2000 to be $679, $980, and $1