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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (95012)	3/13/2002 7:48:40 PM
From: Raul Prytog	Read Replies (2) \| Respond to of 132070

Probably Yes, "The formula for determining the OASDI contribution and benefit base is set by law. The formula states that the base for any year Y after 1994 is equal to the 1994 base of $60,600 multiplied by the ratio of the national average wage index for year (Y-2) to that for 1992, with the result rounded to the nearest multiple of $300. If the result is less than the current base, the base is not reduced." ssa.gov Well the wage base can't go down, so says the law. As I am fairly certain national average wages in 2001 were higher then they were in 2000, unless Congress changes the law, the wage base will be increased next year. -Raul