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Payment Calculation Base for 2003

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 2002, together with the resulting average amounts. The average amount per beneficiary for calendar year 2002 is the Title II payment calculation base for 2003.

Title II benefits for months in 2002
Month Number of
beneficiaries
Benefit amount Average
amount
Jan 5,289,311 $4,310,015,034 $814.85
Feb 5,309,164 4,328,178,544 815.23
Mar 5,335,005 4,351,409,209 815.63
Apr 5,358,770 4,374,160,245 816.26
May 5,377,860 4,392,512,067 816.78
Jun 5,400,903 4,415,020,627 817.46
Jul 5,421,623 4,435,945,667 818.20
Aug 5,444,445 4,458,121,722 818.84
Sep 5,471,701 4,484,267,366 819.54
Oct 5,495,669 4,507,872,737 820.26
Nov 5,520,219 4,538,592,040 822.18
Dec 5,543,981 4,625,444,569 834.32
Average 5,414,054 4,435,128,319 819.19
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