Wage Limits For Year 2003

Maximum annual wage subject to Social Security tax: $87,000

Maximum annual wage that someone
under 65 can earn without a reduction
of Social Security benefits: $11,520

Other Changes That Are New For 2003

Cost Of Living Adjustement (COLA): 1.4%

2001 Average Wage: $32,921.92

Dollar Amounts (Bend Points) In PIA Formula -
First: 606
Second: 3,653