Cost of Living Adjustment COLA 3.3% 4.1% 2.7%

Social Security

2007 2006 2005

Cost of living adjustment COLA 3.3% 4.1% 2.7%

Maximum taxable payroll earnings:

Social Security 97,500 94,200 90,000

Medicare Unlimited Unlimited Unlimited

Tax rate for employees:

Social Security 6.20% 6.20% 6.20%

Medicare 1.45% 1.45% 1.45%

Total 7.65% 7.65% 7.65%

Earnings required for:

One work credit $1,000 $970 $920

Four work credits $4,000 $3,880 $3,680

(Quarters of coverage)

Allowed earnings, pre full

retirement age:

Annually $12,960 $12,480 $12,000

Monthly $ 1,080 $ 1,040 $ 1,000

Retirement earnings test in year

reaching full retirement age:

Annually $34,440 $33,240 $31,800

Monthly $ 2,870 $ 2,770 $ 2,650

Maximum SS benefits at full

retirement age, per mo. $ 2,116 $ 2,053 $ 1,939

Spouse at 50%, per mo. $ 1,058 $ 1,026 $ 970

Federal SSI payments:

Individual, per mo. $ 623 $ 603 $ 579

Couple, per mo. $ 934 $ 904 $ 869

Maximum allowed assets for SSI

eligibility:

Individual $ 2,000 $ 2,000 $ 2,000

Couple $ 3,000 $ 3,000 $ 3,000