Wage Limits For Year 2002

Maximum annual wage subject to Social Security tax: $84,900

Maximum annual wage that someone
under 65 can earn without a reduction
of Social Security benefits: $11,280

Other Changes That Are New For 2002

Cost Of Living Adjustement (COLA): 2.6%

2000 Average Wage: $32,154.82

Dollar Amounts (Bend Points) In PIA Formula -
First: 592
Second: 3,567