20 CFR § 416.410 - Amount of benefits; eligible individual.

---
identifier: "/us/cfr/t20/s416.410"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "20 CFR § 416.410 - Amount of benefits; eligible individual."
title_number: 20
title_name: "Employees' Benefits"
section_number: "416.410"
section_name: "Amount of benefits; eligible individual."
chapter_name: "SOCIAL SECURITY ADMINISTRATION"
part_number: "416"
part_name: "SUPPLEMENTAL SECURITY INCOME FOR THE AGED, BLIND, AND DISABLED"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
cfr_part: "416"
---


# 416.410 Amount of benefits; eligible individual.

The benefit under this part for an eligible individual (including the eligible individual receiving benefits payable under the § 416.212 provisions) who does not have an eligible spouse, who is not subject to either benefit suspension under § 416.1325 or benefit reduction under § 416.414, and who is not a qualified individual (as defined in § 416.221) shall be payable at the rate of $5,640 per year ($470 per month) effective for the period beginning January 1, 1996. This rate is the result of a 2.6 percent cost-of-living adjustment (see § 416.405) to the December 1995 rate. For the period January 1, through December 31, 1995, the rate payable, as increased by the 2.8 percent cost-of-living adjustment, was $5,496 per year ($458 per month). For the period January 1, through December 31, 1994, the rate payable, as increased by the 2.6 percent cost-of-living adjustment, was $5,352 per year ($446 per month). The monthly rate is reduced by the amount of the individual's income which is not excluded pursuant to subpart K of this part.

[61 FR 10278, Mar. 13, 1996]