------------------------------------------------------------------------------- Earnings "Old law" AIME "bend PIA "bend points" required contri- points" in PIA in maximum- for a bution formula family-benefit formula quarter and Calendar ------------------- -------------------------- of cov- benefit year First Second First Second Third erage 1/ base 2/ ------------------------------------------------------------------------------- Historical data: 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 Intermediate: 1997...... 454 2,737 580 838 1,092 670 48,300 1998...... 472 2,845 603 870 1,135 690 50,400 1999...... 492 2,964 628 907 1,183 720 52,500 2000...... 511 3,080 653 943 1,229 750 54,600 2001...... 532 3,209 680 982 1,280 780 56,700 2002...... 555 3,344 709 1,023 1,335 820 59,100 2003...... 579 3,488 739 1,067 1,392 850 61,800 2004...... 605 3,646 773 1,116 1,455 890 64,500 2005...... 634 3,822 810 1,169 1,525 930 67,500 ------------------------------------------------------------------------------- 1/ See Appendix F for a description of quarter-of-coverage requirements prior to 1978. 2/ Contribution 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 by changes to the indexing procedure to determine the base, as required by Public Law 101-239. 3/ No provision in law for this amount in this year. 4/ Amount specified for first year by Social Security Amendments of 1977; amounts for subsequent years subject to automatic-adjustment provisions.
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