Office of the Commissioner; Cost-of-Living Increase and Other Determinations for 2005

요약

The Commissioner has determined-- (1) A 2.7 percent cost-of-living increase in Social Security benefits under title II of the Social Security Act (the Act), effective for December 2004; (2) An increase in the Federal Supplemental Security Income (SSI) monthly benefit amounts under title XVI of the Act for 2005 to $579 for an eligible individual, $869 for an eligible individual with an eligible spouse, and $290 for an essential person; (3) The student earned income exclusion to be $1,410 per month in 2005 but not more than $5,670 in all of 2005; (4) The dollar fee limit for services performed as a representative payee to be $32 per month ($61 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 2005; (5) The national average wage index for 2003 to be $34,064.95; (6) The Old-Age, Survivors, and Disability Insurance (OASDI) contribution and benefit base to be $90,000 for remuneration paid in 2005 and self-employment income earned in taxable years beginning in 2005; (7) The monthly exempt amounts under the Social Security retirement earnings test for taxable years ending in cal