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Payment Calculation Base for 2002

Automatic Increases

Payment Calculation Bases

Section 411.500 of the Code of Federal Regulations defines the Title II payment calculation base for any year to mean—

In connection with a title II disability beneficiary (including a concurrent title II/title XVI disability beneficiary), the average monthly disability insurance benefit payable under section 223 of the Social Security Act for months during the preceding calendar year to all beneficiaries who are in current pay status for the month for which the benefit is payable.

The table below shows the number of beneficiaries and corresponding payment amounts for 2001, together with the resulting average amounts. The average amount per beneficiary for calendar year 2001 is the Title II payment calculation base for 2002.

Title II benefits for months in 2001
Month Number of
beneficiaries
Benefit amount Average
amount
Jan 5,052,895 $3,974,907,045 $786.66
Feb 5,067,119 3,987,739,335 786.98
Mar 5,083,459 4,002,556,883 787.37
Apr 5,102,618 4,020,651,874 787.96
May 5,119,039 4,036,379,402 788.50
Jun 5,139,264 4,055,642,761 789.15
Jul 5,156,721 4,076,329,881 790.49
Aug 5,173,654 4,092,729,291 791.07
Sep 5,196,849 4,113,290,108 791.50
Oct 5,221,028 4,133,915,919 791.78
Nov 5,249,789 4,164,952,011 793.36
Dec 5,274,183 4,295,599,568 814.46
Average 5,153,052 4,079,557,840 791.68
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