Tbl_II_5.html—Act. Study No.119

Table II.5.—Selected OASDI Program Amounts Determined Under the Automatic-Adjustment Provisions

(Calendar years 1978-2014)
Calendar year	AIME "bend points" in PIA formula		PIA "bend points" in maximum-family-benefit formula			Earnings required for a quarter of coverage ¹	"Old-law" contribution and benefit base ²
Calendar year	First	Second	First	Second	Third	Earnings required for a quarter of coverage ¹	"Old-law" contribution and benefit base ²
1978	³^/	³^/	³^/	³^/	³^/	⁴ $250	³^/
1979	⁴ $180	⁴ $1,085	⁴ $230	⁴ $332	⁴ $433	260	$18,900
1980	194	1,171	248	358	467	290	20,400
1981	211	1,274	270	390	508	310	22,200
1982	230	1,388	294	425	554	340	24,300
1983	254	1,528	324	468	610	370	26,700
1984	267	1,612	342	493	643	390	28,200
1985	280	1,691	358	517	675	410	29,700
1986	297	1,790	379	548	714	440	31,500
1987	310	1,866	396	571	745	460	32,700
1988	319	1,922	407	588	767	470	33,600
1989	339	2,044	433	626	816	500	35,700
1990	356	2,145	455	656	856	520	38,100
1991	370	2,230	473	682	890	540	39,600
1992	387	2,333	495	714	931	570	41,400
1993	401	2,420	513	740	966	590	42,900
1994	422	2,545	539	779	1,016	620	45,000
1995	426	2,567	544	785	1,024	630	45,300
1996	437	2,635	559	806	1,052	640	46,500
1997	455	2,741	581	839	1,094	670	48,600
1998	477	2,875	609	880	1,147	700	50,700
1999	505	3,043	645	931	1,214	740	53,700
2000	531	3,202	679	980	1,278	780	56,700
2001	561	3,381	717	1,034	1,349	830	59,700
2002	592	3,567	756	1,092	1,424	870	63,000
2003	606	3,653	774	1,118	1,458	890	64,500
2004	612	3,689	782	1,129	1,472	900	65,100
2005	627	3,779	801	1,156	1,508	920	66,900
2006	647	3,901	827	1,194	1,557	950	69,000
2007	674	4,061	861	1,243	1,621	990	71,700
2008	702	4,231	897	1,295	1,689	1,030	74,700
2009	732	4,415	936	1,351	1,762	1,080	78,000
2010	763	4,600	975	1,408	1,836	1,120	81,300
2011	794	4,788	1,015	1,465	1,911	1,170	84,600
2012	826	4,981	1,056	1,524	1,988	1,220	88,200
2013	860	5,181	1,098	1,585	2,068	1,270	91,500
2014	895	5,396	1,144	1,651	2,153	1,320	95,400

¹See Glossary for a description of quarter-of-coverage requirements prior to 1978.

²Contribution and benefit base that would have been determined automatically under the law in effect prior to enactment of the Social Security Amendments of 1977. The bases for years after 1989 were increased slightly through the effect of a new procedure to determine the base, as required by Public Law 101-239.

³No provision in law for this amount in this year.

⁴Amount specified for first year by Social Security Amendments of 1977; amounts for subsequent years subject to automatic-adjustment provisions.

Note: Future estimates based on 2005 Trustees Report intermediate set of assumptions. See tables V.A5 and V.B5 for low cost and high cost alternatives, respectively.

Short-Range Actuarial Projections of the Old-Age, Survivors, and Disability Insurance Program, 2005
ACTUARIAL STUDY NO. 119 by Chris Motsiopoulos and Richard B. Tucker

Short-Range Actuarial Projectionsof the Old-Age, Survivors, and Disability Insurance Program, 2005

Short-Range Actuarial Projections
of the Old-Age, Survivors, and
Disability Insurance Program, 2005