Single-Year Tables Historical data Projected

Table IV.A2.—SSI Federal Benefit Rates Increases and Levels
Historical and Projected on the Basis of the Intermediate Assumptions of the 2018 OASDI Trustees Report
As of July 1, 1974-2042

[In thousands]
        Federal benefit rate
Year   Benefit rate increasea   Individual   Couple   Essential personb

Historical data:
Initial benefit paid January 1,
1974 c
$140.00 $210.00 $70.00
1974 d 4.3 146.00 219.00 73.00
1975 8.0 157.70 236.60 78.90
1976 6.4 167.80 251.80 84.00
1977 5.9 177.80 266.70 89.00
1978 6.5 189.40 284.10 94.80
1979 9.9 208.20 312.30 104.20
1980 14.3 238.00 357.00 119.20
1981 11.2 264.70 397.00 132.60
1982 7.4 284.30 426.40 142.50
1983 d 7.0 304.30 456.40 152.50
1984 3.5 314.00 472.00 157.00
1985 3.5 325.00 488.00 163.00
1986 3.1 336.00 504.00 168.00
1987 1.3 340.00 510.00 170.00
1988 4.2 354.00 532.00 177.00
1989 4.0 368.00 553.00 184.00
1990 4.7 386.00 579.00 193.00
1991 5.4 407.00 610.00 204.00
1992 3.7 422.00 633.00 211.00
1993 3.0 434.00 652.00 217.00
1994 2.6 446.00 669.00 223.00
1995 2.8 458.00 687.00 229.00
1996 2.6 470.00 705.00 235.00
1997 2.9 484.00 726.00 242.00
1998 2.1 494.00 741.00 247.00
1999 1.3 500.00 751.00 250.00
2000 e 2.5 f 513.00 769.00 257.00
2001 3.5 f 531.00 796.00 266.00
2002 2.6 545.00 817.00 273.00
2003 1.4 552.00 829.00 277.00
2004 2.1 564.00 846.00 282.00
2005 2.7 579.00 869.00 290.00
2006 4.1 603.00 904.00 302.00
2007 3.3 623.00 934.00 312.00
2008 2.3 637.00 956.00 319.00
2009 5.8 674.00 1,011.00 338.00
2010 0.0 674.00 1,011.00 338.00
2011 0.0 674.00 1,011.00 338.00
2012 3.6 698.00 1,048.00 350.00
2013 1.7 710.00 1,066.00 356.00
2014 1.5 721.00 1,082.00 361.00
2015 1.7 733.00 1,100.00 367.00
2016 0.0 733.00 1,100.00 367.00
2017 0.3 735.00 1,103.00 368.00
2018 2.0 750.00 1,125.00 376.00

Projected:
2019 2.4 768.00 1,152.00 385.00
2020 2.7 789.00 1,183.00 395.00
2021 2.6 809.00 1,214.00 405.00
2022 2.6 830.00 1,246.00 416.00
2023 2.6 852.00 1,278.00 427.00
2024 2.6 874.00 1,311.00 438.00
2025 2.6 897.00 1,346.00 449.00
2026 2.6 920.00 1,381.00 461.00
2027 2.6 944.00 1,416.00 473.00
2028 2.6 969.00 1,453.00 485.00
2029 2.6 994.00 1,491.00 498.00
2030 2.6 1,020.00 1,530.00 511.00
2031 2.6 1,046.00 1,570.00 524.00
2032 2.6 1,074.00 1,611.00 538.00
2033 2.6 1,102.00 1,652.00 552.00
2034 2.6 1,130.00 1,695.00 566.00
2035 2.6 1,160.00 1,739.00 581.00
2036 2.6 1,190.00 1,785.00 596.00
2037 2.6 1,221.00 1,831.00 612.00
2038 2.6 1,252.00 1,879.00 627.00
2039 2.6 1,285.00 1,928.00 644.00
2040 2.6 1,318.00 1,978.00 661.00
2041 2.6 1,353.00 2,029.00 678.00
2042 2.6 1,388.00 2,082.00 695.00
a Increases prior to 1984 were effective for the payment due on July 1 of the year. Increases shown for 1984 and later are effective for the payment due on January 1 of the year.
b A concept carried over from the former State assistance plans. Fewer than 20 of those cases currently remain.
c Benefits paid in January, 1974 were based on the Federal benefit rates established by Public Law 92-603, enacted October 30, 1972: $130.00 for individuals; $195.00 for couples; and $65.00 for essential persons. Retroactive payments were subsequently made to adjust initial payments to the higher Federal benefit rates established by Public Law 93-233, enacted December 31, 1973.
d Ad hoc increases as specified in the law.
e Originally determined as 2.4 percent, but pursuant to Public Law 106-554, enacted December 21, 2000, is effectively now 2.5 percent.
f Benefits originally paid in 2000 and through July 2001 were based on Federal benefit rates of $512.00 and $530.00, respectively. Pursuant to Public Law 106-554, monthly payments beginning in August 2001 were effectively based on the higher $531 amount. Lump-sum compensation payments were made based on an adjusted benefit rate for months prior to August 2001.