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Payment Calculation Base for 2004

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 2003, together with the resulting average amounts. The average amount per beneficiary for calendar year 2003 is the Title II payment calculation base for 2004.

Title II benefits for months in 2003
Month Number of
beneficiaries
Benefit amount Average
amount
Jan 5,578,117 $4,657,657,106 $834.99
Feb 5,619,145 4,695,898,684 835.70
Mar 5,648,402 4,723,760,968 836.30
Apr 5,677,639 4,752,501,986 837.06
May 5,701,874 4,776,705,035 837.74
Jun 5,729,977 4,804,692,046 838.52
Jul 5,755,016 4,829,729,016 839.22
Aug 5,780,893 4,855,981,016 840.01
Sep 5,805,864 4,881,028,849 840.71
Oct 5,825,375 4,901,448,125 841.40
Nov 5,852,357 4,934,769,174 843.21
Dec 5,873,673 5,060,493,003 861.56
Average 5,737,361 4,822,888,751 840.61
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