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SOCIAL SECURITY ADMINISTRATION


1 day ago

Social Security isn't bankrupt: What we know about future benefits based on the latest trustees report

A later depletion date for Social Security's trust funds isn't anything to celebrate. But there are some nuggets of good news for beneficiaries in a new report.

cnbc.com

Social Security bill would give recipients an extra $200 per month

“One of my highest priorities is protecting Social Security, which millions of Americans rely on, including hundreds of thousands of Oregonians. The Social Security Expansion Act would: • Extend the solvency of the Social Security trust fund 75 years, through 2096, by requiring the wealthiest Americans to pay their fair share into the fund, just like everyone else. • Expand Social Security benefits across-the-board for current and new beneficiaries. Under this bill, Social Security benefits for someone turning 62 next year would be $200 per month higher. • Combine the Disability Insurance Trust Fund with the Old Age and Survivors Trust fund to help senior citizens and persons with disabilities.

mlive.com

Is Long COVID Really a Mass Disabling Event?

Dire effects on individuals are well documented. But a tidal wave of severe chronic illness hasn’t shown up in the data—yet.

theatlantic.com

Social Security bill would give seniors an extra $2,400 a year. Here's how it would work.

Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.

cbsnews.com

Hot inflation data points to a record-high Social Security cost-of-living adjustment in 2023. Some want to change how increases are measured

Next year's Social Security cost-of-living adjustment may top the record 5.9% boost beneficiaries saw in 2022. Here's what to watch.

cnbc.com

Social Security official: Benefits likely to rise 8% due to high inflation

A cost-of-living adjustment of 8% would be the highest for Social Security beneficiaries since 1981.

cbsnews.com

Another record-high Social Security cost-of-living adjustment in 2023 could put more money in retirees' wallets and impact the program's funds

Early signs point to a higher Social Security cost-of-living adjustment for 2023. That may put more money in retirees' wallets and impact the program's funds.

cnbc.com

New Yorkers can now choose "X" gender marker on their state ID

The new policy was rolled out just days before the start of Pride Month and is part of New York's Gender Recognition Act, which will go into effect on June 24.

cbsnews.com

Government Workers Should Be Back in the Office

The U.S. can’t solve crises with so many federal employees working from home.

washingtonpost.com
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‘Full investigation’ pledged of vast fines imposed by Social Security

Three House leaders with oversight of the Social Security Administration called on President Biden and acting commissioner Kilolo Kijakazi to investigate Inspector General Gail Ennis's administration of an anti-fraud program that levied massive fines on poor and elderly disabled people accused of wrongly receiving disability benefits.

washingtonpost.com

Congress seeks ways to reduce Social Security customer service delays

The Social Security Administration's ability to provide customer service was stretched thin during Covid-19. Now lawmakers are considering ways to improve that.

cnbc.com

Top 10 baby names: The most popular names for boys and girls

The Social Security Administration (SSA) just released its list of most popular baby boy and baby girl names for 2021 in the U.S., so if you’re a future parent you might want to keep reading. This year marks the fifth consecutive year that Liam has topped the list for boys’ names. It is also the third year in a row that Olivia has topped the list for girls’ names. The SSA has released an annual list of most popular baby names for boys and girls since 1997. Here is the full list of top 10 girls’ and top 10 boys’ baby names in the U.S.:Top 10 baby girls’ names in the U.S.:Olivia Emma Charlotte Amelia Ava Sophia Isabella Mia Evelyn HarperTop 10 baby boys’ names in the U.S.:

mlive.com

Social Security checks could jump 8.6%, biggest hike since 1981, expert says

Seniors are struggling after a cost-of-living adjustment last year failed to keep up with surging inflation.

cbsnews.com

High inflation continues to point to bigger Social Security cost-of-living adjustment in 2023

If record high inflation continues, Social Security beneficiaries may see a bigger increase to their monthly checks next year. Here's what to watch.

cnbc.com

Social Security may have underpaid student beneficiaries by about $59.5 million, report finds

Flaws in Social Security's systems could have led student beneficiaries to erroneously stop receiving benefits once they turned 18, a government report finds.

cnbc.com

Liam and Olivia once again dominate top baby names list

Olivia and Liam are once again America’s most common baby names.

I never paid into Social Security. Can I still collect benefits?

Someone told me that I am entitled to collect spousal Social Security. “You have the option to start taking these benefits as early as 62, but they will be permanently reduced.”The Social Security Administration has a quick online calculator to help you estimate the reduction of benefits by taking Social Security early. Social Security explains this as: Under Social Security’s “dual entitlement rule,” a person’s spousal benefit is reduced, dollar-for-dollar, by the amount of his or her own Social Security. However, note that your husband needs to be receiving Social Security benefits for you to receive spousal benefits. Scheibner notes that Social Security says: “If you receive a retirement or disability pension from a federal, state, or local government based on your own work for which you didn’t pay Social Security taxes, we may reduce your Social Security spouses or widows or widowers’ benefits.”“We’ll reduce your Social Security benefits by two-thirds of your government pension.

mlive.com

Errors rob thousands of students of Social Security benefits

A Social Security report found the agency underpaid 14,470 student beneficiaries by $59.5 million between January 2003 and May 2020 because of agency errors.

washingtonpost.com
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Social Security Benefits Could See Highest Increase In 40 years

Recent inflation data suggests beneficiaries could see a raise of up to 8.9%.

newsy.com

Record-high inflation could mean a bigger Social Security cost-of-living adjustment in 2023

High inflation points to a bigger Social Security cost-of-living increase for next year. But that could change if rising prices get under control.

cnbc.com

Experts say women should plan to save more for retirement than men

When it comes to planning for retirement, experts are saying that women should plan to save more money than men do.

Social Security offices to resume in-person visits April 7

The U.S. Social Security Administration announced this week that it will be opening local Social Security offices for in-person services, including

arabamericannews.com

Social Security offices will reopen for first time since March 2020

Social Security offices have been closed nationwide since March 17, 2020, at the start of the COVID-19 pandemic, but they will reopen Thursday, April 7. The Social Security Administration announced the news on Monday, April 4, via a statement from Acting Commissioner Kilolo Kijakazi. They can be made online or via the phone number above. Offices tend to be busiest first thing in the morning, early in the week and early in the month, Kijakazi said. Michigan has 36 Social Security Administration offices in the following areas.

mlive.com

Social Security offices are reopening this week. How to reduce your wait time

Social Security will reach a pandemic milestone when it reopens local offices this week. If you need help, it's best to pick times that tend to be less busy.

cnbc.com

Social Security's retirement age is moving to 67. Some experts say that could go even higher

When Congress eventually takes steps to repair Social Security's solvency, it may raise the retirement age. Here's what that could mean for benefits.

cnbc.com

Former Michigan Bank Manager Sentenced For Stealing Social Security Benefits From Dead Customer’s Account

A former branch manager charged with stealing Social Security Administration benefits from a deceased customer is sentenced to nearly three years in federal prison.

detroit.cbslocal.com

Social Security Administration to allow people to self-select their sex

The agency is "committed to reducing barriers and ensuring the fair treatment of the LGBTQ+ community," an official said.

cbsnews.com
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West Michigan woman sentenced for $660K Social Security fraud scheme

GRAND RAPIDS, MI – A Newaygo woman was sentenced to federal prison for creating fictitious identities and falsified documents to obtain nearly $660,000 in Social Security benefits for non-existent people for roughly 17 years. Terrie Lynn Christian, 58, will serve 30 months in prison for her role in the fraudulent scheme, U.S. District Judge Hala Jarbou ordered Tuesday, March 22. The judge noted Christian deserved the sentence because she essentially stole financial benefits that were earmarked to help the children of military members and the poor. Christian pleaded guilty in October 2021 to defrauding the Social Security Administration of over $550,000 by obtaining benefits for two fictitious children. “Her egregious acts resulted in a fraud loss of over $540,000,” added Gail S. Ennis, inspector general for the SSA.

mlive.com

Fewer hot showers, less meat: How retirees on fixed incomes are dealing with inflation

Rising prices are squeezing household budgets around the country and putting additional strain on its 56 million older residents ages 65 and up, many of whom rely on fixed incomes and limited savings to cover monthly costs for prolonged and unpredictable periods of time.

washingtonpost.com

Social Security hike in 2023 could be even bigger than this year

Social Security recipients received their biggest cost-of-living increase in decades this year, but they could be set for an even bigger bump in 2023, according to one early estimate. Seniors and others receiving Social Security benefits could see their checks rise by as much as 7.6% next year, according to the Senior Citizens League, an advocacy group, CNBC said. Social Security’s cost-of-living hike for 2022 was 5.9%, the biggest increase since the 1980s. There’s a strong chance inflation will continue through 2022, but if price increases slow or subside completely, Social Security benefits would rise less. The Social Security Administration generally announces each year’s cost-of-living increase in October and it takes effect in January.

mlive.com

High inflation points to bigger Social Security cost-of-living adjustment for 2023

Record high inflation could mean an even bigger boost for Social Security beneficiaries next year, according to one early estimate.

cnbc.com

Already claimed Social Security? There are still ways you may be able to increase your retirement benefits

The age you claim Social Security largely determines the size of your monthly checks. But there are still ways you can boost that benefit payout.

cnbc.com

Social Security online statements provide key information to help you boost your benefits

Newly redesigned online benefit statements may hold key information for boosting your Social Security retirement benefits.

cnbc.com

‘You’re on hold forever.’ Social Security applicants complain about agency’s long waits

The Social Security Administration is poised to reopen its offices this spring. Some beneficiaries and applicants say they need answers to questions now.

cnbc.com

More LGBTQ couples can access Social Security survivor benefits. The challenge is getting the word out.

Until this year, LGBTQ people who contributed part of their paycheck to the pot weren’t getting anything back in terms of survivor benefits — simply because of their sexual identity, a lawyer said.

washingtonpost.com

Living only on Social Security can be difficult. There are many resources that can help struggling seniors

There are thousands of public and private programs available to seniors struggling and living only off their Social Security.

cnbc.com
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The Age of the Unique Baby Name

Parents used to want kids to fit in. Now they want them to stand out.

theatlantic.com

A Harvard-trained economist shares his top 21 money rules: 'Own your home, don't rent—and try to buy in cash'

Making education, career, marriage, housing, investment, retirement or Social Security decisions? A Harvard-trained economist shares the money rules he follows for a richer, happier and safer financial life.

cnbc.com

A 5.9% increase to Social Security benefits takes effect this month. Here’s what to expect

Social Security benefits are poised to get the largest annual increase in decades. Here's what beneficiaries can expect when those checks start this month.

cnbc.com

Here's when the Social Security cost-of-living increase goes into effect

Seniors will get a hefty 5.9% bump in their checks But some experts doubt it will be enough to offset inflation.

cbsnews.com

Here's when the Social Security cost-of-living increase goes into effect

Seniors will get a hefty 5.9% bump in their checks But some experts doubt it will be enough to offset inflation.

cbsnews.com

Social Security payment schedule 2022: When will big increase start?

A calendar with payment schedule information for 2022 has been released by the Social Security Administration. According to the calendar, beneficiaries with a birth date on the 1st-10th of the month will receive payments on the second Wednesday of the month starting on Jan. 12. Supplemental Social Security beneficiaries are paid on the 1st of each month. Social Security benefits from prior to May 1997, or those receiving both Social Security and SSI, will be paid on the third of each month. COLA increaseThe 2022 payments will include a 5.9% increase, the biggest boost in 39 years.

mlive.com

2022 Social Security payment schedule: When to expect checks

The Social Security Administration has released the 2022 calendar that shows when to expect payments.

Here's when the Social Security cost-of-living increase goes into effect

Seniors will get a big 5.9% bump in their benefit checks soon. But some experts wonder if it's enough to offset inflation.

cbsnews.com

Here's when the Social Security cost-of-living increase goes into effect

Seniors will get a big 5.9% bump in their benefit checks soon. But some experts wonder it's enough to offset inflation.

cbsnews.com
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Genesee County bank manager admits to stealing $169,967 in Social Security funds from dead man

BAY CITY, MI — A Midland man admitted to stealing Social Security funds while working as the manager of a JPMorgan Chase Bank branch in Genesee County. Jeffrey Piecka, 46, on Wednesday, Dec. 15, in federal court pleaded guilty to theft of government funds and aggravated identity theft before U.S. Magistrate Judge Patricia T. Morris. Piecka admitted that between May 2012 and June 2020 he stole $169,967.63 from the Social Security Administration (SSA). Piecka managed the JPMorgan Chase branch at 4154 Davison Road in Burton from January 2008 through January 2013. In February 2017, Piecka used the dead man’s name, bank account number and bank routing number to generate a counterfeit online check, which drew from the decedent’s JPMorgan Chase bank account and was made payable to Piecka.

mlive.com

Biden wants to improve Social Security’s online services. Here's some changes beneficiaries may see

The Covid-19 pandemic prompted the Social Security Administration to move most of its services online. Now, a new executive order aims to improve them.

cnbc.com

How record Social Security cost-of-living adjustment will be impacted by high inflation, Medicare premiums

Retirees who are already contending with higher prices for food and health care may not cheer when they receive their Social Security checks in January.

cnbc.com

You need at least $1 million saved to retire in these cities

There are 28 major cities in the U.S. where a retiree needs at least $1 million to live comfortably, according to MagnifyMoney.

cnbc.com

When will I get my Social Security increase in 2022?

The Social Security Administration (SSA) has released its payment schedule for 2022. These payments also will include the newly approved increase — a 5.9% cost-of-living adjustment. Here is what to know about when you will be receiving payments if you are eligible to receive Social Security with the new cost-of-living adjustments, according to GoBankingRates.com.

mlive.com

'The time for procrastination is over.' How one Democratic lawmaker wants to fix Social Security

A Congressional bill aims to boost Social Security benefits through higher payroll taxes for the wealthy. Here's a rundown of the plan.

cnbc.com

Social Security’s big 2022 increase: How to calculate your new payment

Social Security beneficiaries are slated to receive a 5.9% increase in 2022, the biggest boost in benefits in 39 years. The Social Security Administration will be sending out letters to beneficiaries detailing how much increase they will see but you can do a little math to find out how your payment will change. Add that amount to the original payment and you will see the increase that will be reflected in your check. The increase of $29.60 will be taken directly from Social Security checks so whatever increase is added to your existing benefits, you will have to deduct $29.60 to get the final amount. For people with birth dates on the 21st of the month through the 31st of the month, benefits will be paid on the fourth Wednesday of each month.

mlive.com

Social Security retirement claims haven't surged amid Covid-19. Here's why

Workers age 70 and over were more likely to retire amid Covid-19, and they likely already claimed Social Security retirement benefits before the pandemic began.

cnbc.com

Sunday Read: Social Security recipients to get boost as rising costs continue

Starting next year (2022), you’ll get more money, a lot more, but it will be to cover rising costs. Here’s a closer look at what to expect.

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Social Security checks getting big boost as inflation rises

Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022.

EXPLAINER: Why the Social Security COLA is jumping next year

Rising inflation has triggered a jump in Social Security’s annual cost-of-living adjustment, or COLA, for 2022.

Biden fires Trump-appointed head of Social Security agency

The White House says President Joe Biden has fired the Social Security commissioner.

Most popular, hottest trending baby names of 2020

The Social Security Administration released the annual list of the top baby names, and there aren’t many changes -- the popular names remain popular.

Taxes: Answers to top FAQs about Social Security income

Even for those of us who think we have some knowledge about anything tax related, it can be a stressful time. And it's certainly not a time when you want to play a guessing game.

Monroe Police Department warns residents about phone scam

MONROE, Mich. - Over the last few weeks, the Monroe Police Department has received several calls from local residents who say they were contacted by the U.S. Marshal's Office or the Social Security Administration. The caller is able to disguise their phone number to appear as if it were coming from a local telephone number, including the local police department. The Monroe Police Department does not store or keep social security numbers. To contact the Monroe Police Department about the phone scam, call 734-243-7500.

Texas woman admits addressing bombs to Obama, Texas governor

Julia Ann Poff, 47, admitted to addressing package bombs to former president Barack Obama, Texas Gov. Greg Abbott and the Social Security Administration. HOUSTON - A Houston-area woman had admitted that she addressed package bombs to former president Barack Obama, Texas Gov. Greg Abbott and the Social Security Administration. Julia Ann Poff pleaded guilty in a Houston federal court Monday to transporting explosives with intent to kill, injure or intimidate.

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