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Cost-of-Living Adjustment (COLA):
Monthly Social Security and Supplemental Security Income (SSI) benefits will not automatically increase in 2011 as there is no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008, the last year a COLA was determined, to the third quarter of 2010. Other important 2011 Social Security information is as follows: |
| Maximum Taxable Earnings: |
2010 |
2011 |
| |
$106,800 |
$106,800* |
| Medicare (HI only) |
No
Limit |
| Quarter of Coverage: |
2010 |
2011 |
| Earnings needed to earn one Social Security credit |
$1,120 |
$1,120** |
| Retirement Earnings Test Exempt Amounts: |
2010 |
2011 |
Under full retirement age
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit. |
$14,160/yr.
($1,180/mo.) |
$14,160/yr.*
($1,180/mo.) |
The year an individual reaches full retirement
age
NOTE: Applies only to earnings
for months prior to attaining full retirement age. One dollar in
benefits will be withheld for every $3 in earnings above the limit. |
$37,680/yr.
($3,140/mo.) |
$37,680/yr.*
($3,140/mo.) |
| There is no limit
on earnings beginning the month an individual attains full retirement
age. |
| Social Security Disability Thresholds: |
2010 |
2011 |
| |
Non-Blind |
$1,000/mo. |
$1,000/mo.** |
| Blind |
$1,640/mo. |
$1,640/mo.* |
| |
$ 720/mo. |
$ 720/mo.** |
* By law, these amounts will be unchanged in 2011 because there is no COLA.
** By law, these amounts will be unchanged in 2011 because there was a decrease in the national average wage index for 2009.
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