Social Security Releases 2013 Benefit Amounts 10/24/12

10-25-2012 | SSA

Social Security benefits increase 1.7%, and the taxable Wage Base for 2013 is $113,700.

10-24-2012

WASHINGTON – The Social Security Administration increased benefits by 1.7% in 2013.  The maximum amount of earnings subject to the Social Security tax will increase from $110,100 to $113,700 

This will also be the PEPRA (California A.B. 340) covered pay limit for 2013 for New Members covered by Social Security.  The 2013 PEPRA pay limit for New Members not covered by Social Security will be 120% of this or $136,440.

http://www.ssa.gov/pressoffice/pr/2013cola-pr.html