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Payment Calculation Base for 2005

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 2004, together with the resulting average amounts. The average amount per beneficiary for calendar year 2004 is the Title II payment calculation base for 2005.

Title II benefits for months in 2004
Month Number of
beneficiaries
Benefit amount Average
amount
Jan 5,889,667 $5,077,435,116 $862.09
Feb 5,910,185 5,098,353,953 862.64
Mar 5,959,226 5,145,498,004 863.45
Apr 6,006,906 5,192,348,776 864.40
May 6,034,781 5,220,096,432 865.00
Jun 6,062,846 5,248,808,474 865.73
Jul 6,076,401 5,264,065,469 866.31
Aug 6,106,411 5,294,934,471 867.11
Sep 6,128,722 5,318,534,552 867.80
Oct 6,154,838 5,345,766,962 868.55
Nov 6,178,042 5,375,684,834 870.13
Dec 6,197,664 5,541,488,556 894.13
Average 6,058,807 5,260,251,300 868.20
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