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Federal Benefit Rate - SSI

 

COLA logo, showing acronym COLA in blue letters, underlined in red, with words Cost Of Living Adjustment in black letters below, all on white background.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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