Social Security Projects and Increase to Wage Base for 2012

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The Social Security Administration’s Office of the Chief Actuary (OCA) is projecting that the Social Security wage base will increase from the current wage base of $106,800 to $110,700 for 2012. This would be the first increase in wage base since 2009. The Social Security administration projects increases through the year 2020.

• 2012 — $110,700
• 2013 — $114,900
• 2014 — $120,000
• 2015 — $125,400
• 2016 — $130,800
• 2017 — $135,900
• 2018 — $141,300
• 2019 — $146,700
• 2020 — $153,300

The full report is on the SSA’s website at:
http://www.ssa.gov/oact/tr/2011/tr2011.pdf

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