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Social Security Administration Office of the Commissioner, Cost-Of- Living Increase and Other Determinations for 2005

By Kunkel, Jeffrey L.

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Book Id: WPLBN0000180882
Format Type: PDF eBook
File Size: 0.1 MB
Reproduction Date: 2008
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Title: Social Security Administration Office of the Commissioner, Cost-Of- Living Increase and Other Determinations for 2005  
Author: Kunkel, Jeffrey L.
Volume:
Language: English
Subject: Government publications, Legislation., Government Printing Office (U.S.)
Collections: Government Library Collection
Historic
Publication Date:
Publisher: Government Printing Office

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Kunkel, J. L. (n.d.). Social Security Administration Office of the Commissioner, Cost-Of- Living Increase and Other Determinations for 2005. Retrieved from http://hawaiilibrary.net/


Excerpt
Summary: 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 calendar year 2005 to be $1,000 and $2,650.

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