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Title II Cost of Living Increases in Primary Insurance Amounts

SSA · ssa-other · Published 2004-04-15 · Effective 2004-04-15 · 69 FR 19924

Document

Document number
04-8573
Federal Register citation
69 FR 19924
CFR reference
20 CFR 404
Type
Rule
Action
Final rules.
Category
ssa-other
Agency
US Social Security Administration
Publication date
2004-04-15
Effective date
2004-04-15

Abstract

We are revising our rules dealing with automatic cost-of- living increases to primary insurance amounts under title II of the Social Security Act (the Act). The revisions remove the restriction in our previous rules that allowed cost-of-living increases based on rises in the Consumer Price Index (CPI) or the Average Wage Index (AWI) only if either the CPI or AWI increased by 3 percent or more during the prescribed measuring period. The 3-percent restriction was eliminated by legislation enacted in 1986. We are also adding clarifying language that, when rounding an increase in the CPI or AWI, we round five one- hundredths and above to the next higher tenth of a percent.

Source

Authoritative
Federal Register document
Machine
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