---
kind: "section"
citation: "20 C.F.R. § 416.410"
title: "20"
number: "416.410"
heading: "Amount of benefits; eligible individual."
url: "https://uscodex.org/cfr/20/416.410"
---

# §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](/cfr/20/416.212.md) provisions) who does not have an eligible spouse, who is not subject to either benefit suspension under [§ 416.1325](/cfr/20/416.1325.md) or benefit reduction under [§ 416.414](/cfr/20/416.414.md), and who is not a qualified individual (as defined in [§ 416.221](/cfr/20/416.221.md)) 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](/cfr/20/416.405.md)) 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](/cfr/20/subpartK.md) of this part.


## Notes

### Amendments

[61 FR 10278, Mar. 13, 1996]

### Authority

Authority: Secs. 702(a)(5), 1611 (a), (b), (c), and (e), 1612, 1617, and 1631 of the Social Security Act (42 U.S.C. 902(a)(5), 1382 (a), (b), (c), and (e), 1382a, 1382f, and 1383).

### Amendments

[61 FR 10278, Mar. 13, 1996]