Wage Limits For Year 2005

Maximum annual wage subject to Social Security tax: $90,000

Maximum annual wage that someone
under 65 can earn without a reduction
of Social Security benefits: $12,000

Other Changes That Are New For 2005

Cost Of Living Adjustement (COLA): 2.7%

2003 Average Wage: $34,064.95

Dollar Amounts (Bend Points) In PIA Formula -
First: 627
Second: 3,779