OASDI Benefits and beneficiaries – December 1998
|
Number of beneficiaries |
44.2 million |
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|
Retired workers, |
30.8 million |
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|
Retired workers |
27.5 million |
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|
Survivors of deceased |
7.1 million |
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|
Disabled workers, |
6.3 million |
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|
Disabled workers |
4.7 million |
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|
Aged 65 or older |
32.0 million |
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|
Average monthly benefits |
Benefits |
Awards |
||
|
Retired workers |
$780 |
$754 |
||
|
Disabled workers |
$733 |
$762 |
||
|
Nondisabled widow(er)s |
$749 |
$697 |
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|
Children of deceased |
$510 |
$536 |
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Earnings amounts in 1998
Maximum taxable earnings
|
Maximum taxable earnings |
|||
|
Social Security |
$68,400 |
||
|
Medicare |
No limit* |
||
|
Earnings required |
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|
One work credit |
$700 |
||
|
Maximum of four work credits |
$2,800 |
||
|
Earnings test exempt |
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|
Under age 65 |
$9,120 ($760 monthly) |
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|
Aged 65-69 |
$14,508 ($1,209 monthly) |
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* The Omnibus Budget Reconciliation Act of 1993 repealed the dollar limit on wages and self-employment income subject to the Medicare Hospital Insurance tax, effective January 1, 1994.
SSI
Number of persons receiving SSI and payment amounts
|
Category |
Number |
Average Payment * |
Recipients of |
|
All recipients |
6.6 million |
$359 |
663 thousand |
|
Aged |
1.3 million |
$277 |
139 thousand |
|
Blind |
80 thousand |
$390 |
5 thousand |
|
Disabled |
5.2 million |
$380 |
311 thousand |
|
Aged 65 or older |
2.0 million |
$281 |
— |
Federal payment, 1999 (for persons in their own household, no other countable income)
|
Individual |
$500 |
|
Couple (both eligible) |
$751 |
* Excludes retroactive payments