[Code of Federal Regulations]
[Title 20, Volume 2]
[Revised as of April 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 20CFR416.410]

[Page 739]
 
                      TITLE 20--EMPLOYEES' BENEFITS
 
               CHAPTER III--SOCIAL SECURITY ADMINISTRATION
 
PART 416--SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND DISABLED--Table of Contents
 
                      Subpart D--Amount of Benefits
 
Sec. 416.410  Amount of benefits; eligible individual.

    The benefit under this part for an eligible individual (including 
the eligible individual receiving benefits payable under the 
Sec. 416.212 provisions) who does not have an eligible spouse, who is 
not subject to either benefit suspension under Sec. 416.1325 or benefit 
reduction under Sec. 416.414, and who is not a qualified individual (as 
defined in Sec. 416.221) shall be payable at the rate of $5,640 per year 
($470 per month) effective for the period beginning January 1, 1996. 
This rate is the result of a 2.6 percent cost-of-living adjustment (see 
Sec. 416.405) to the December 1995 rate. For the period January 1, 
through December 31, 1995, the rate payable, as increased by the 2.8 
percent cost-of-living adjustment, was $5,496 per year ($458 per month). 
For the period January 1, through December 31, 1994, the rate payable, 
as increased by the 2.6 percent cost-of-living adjustment, was $5,352 
per year ($446 per month). The monthly rate is reduced by the amount of 
the individual's income which is not excluded pursuant to subpart K of 
this part.

[61 FR 10278, Mar. 13, 1996]