411.550—How are the outcome payments calculated under the outcome payment system?
The amount of each monthly outcome payment under the outcome payment system is calculated as follows:
(1)
For title II disability beneficiaries (including concurrent title II/title XVI disability beneficiaries), an outcome payment is equal to 67% of the payment calculation base as defined in § 411.500(a)(1) for the calendar year in which the month occurs, rounded to the nearest whole dollar;
(2)
For title XVI disability beneficiaries (who are not concurrently title II/title XVI disability beneficiaries), an outcome payment is equal to 67% of the payment calculation base as defined in § 411.500(a)(2) for the calendar year in which the month occurs, rounded to the nearest whole dollar.
[2008 figures for illustration only] | |||
Payment type | Beneficiary earnings | Title II amount of monthly outcome payment | Title II total outcome payments |
---|---|---|---|
Outcome payments 1-36 (67% of PCB) | Monthly cash benefit not payable due to SGA | $657.00 | $23,652 |
[2008 figures for illustration only] | |||
Payment type | Beneficiary earnings | Title XVI amount of monthly outcome payment | Title XVI total outcome payments |
---|---|---|---|
Outcome payments 1-60 (67% of PCB) | Earnings sufficient to “0” out Federal SSI cash benefits | $377.00 | $22,620 |