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Social Security Wage Base Projected at $115,500 for 2014
The Social Security Administration (SSA) Office of the Chief Actuary (OCA) has projected that the Social Security wage base will increase from $113,700 for 2013 to $115,500 for 2014. Actual annual increases to the wage base are announced in October of the preceding year and are based on then-current economic conditions. As a result, the OCA’s projected forecasts, which are typically announced in May, are subject to change. Read more…
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