OASDI Wage Base Projected to Increase in 2019

The Social Security wage base is projected to increase to $132,300 in 2019 from $128,400 in 2018, the Social Security Administration said June 5 in its 2018 OASDI Trustees Report.

The projection is based on the intermediate-cost assumptions in the report, the SSA said.

The wage base is the maximum amount of earnings subject to the Old-Age, Survivors, and Disability Insurance payroll tax. No increase in the wage base occurs if there is no cost-of-living adjustment effective for December of the preceding year, the SSA said.

The low-cost and the high-cost assumptions also project an increase to $132,300, the ...