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Federal Benefit Rate - SSI

The Federal Benefit Rate (FBR), sometimes called the Federal Payment Standard or the SSI Standard Benefit Amount, is the maximum dollar amount that you can receive in Federal Supplemental Security Income (SSI) cash benefits on a monthly basis, provided your countable resources are less than the SSI Resource Limits ($2,000 for individuals, $3,000 for couples). The Consumer Price Index (CPI) is used to establish both an individual and couple maximum benefit rate annually, which take effect on January 1st of each year. This automatic adjustment is called a Cost Of Living Adjustment or COLA.

NOTE: 2009-2011 Social Security Changes
Monthly Social Security and Supplemental Security Income (SSI) benefits did not automatically increase in 2010 or 2011 as there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008, the previous last year a COLA was determined, to the third quarter of 2010.

NOTE: The Department of Labor made an error in the calculation of the Consumer Price Index (CPI) for 1999, which caused the benefits paid to some SSI recipients to be slightly less than the correct amount. Beginning August 2001, the FBR and SSI benefits were adjusted.

The following table shows the FBR used by SSA and WorkWORLD to compute SSI benefits:

Effective Date	Individual FBR	Couple FBR
January 2015	$733	$1,100
January 2014	$721	$1,082
January 2013	$710	$1,066
January 2012	$698	$1,048
January 2011	674	1,011
January 2010	674	1,011
January 2009	674	1,011
January 2008	637	956
January 2007	623	934
January 2006	603	904
January 2005	579	869
January 2004	564	846
January 2003	552	829
January 2002	545	817
August 2001	531	796
January 2001	530	796
January 2000	512	769
January 1999	500	751
January 1998	494	726

NOTE: If you receive In-Kind Support that is figured using the 1/3rd Reduction Rule, then your FBR is reduced by 1/3rd.

The amount of the SSI cash benefit that you will actually receive each month depends on your:

· Living situation: If you live with others, SSA may determine that you have In-Kind Support , parental deemed income , or spousal deemed income

· Unearned income (other than In-Kind Support or deemed income)

· Earned income

· Use of the IRWE , PASS , BWE or SEIE work incentives

· State supplement: Some states supplement the FBR to provide additional support to recipients.

See Calculating SSI Cash Benefit Amount for the method SSA uses in calculating your SSI check.

Source

Social Security Administration at:
http://www.ssa.gov/pressoffice/factsheets/colafacts2012.htm

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