Tag: Social Security

Social Security Announces 2.5 Percent Benefit Increase for 2025

Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5% in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the cost-of-living adjustment (COLA) increase has averaged about 2.6%. …

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Acting Social Security Commissioner Responds to President’s 2024 Fiscal Budget

The Biden-Harris Administration today released the President’s Budget for Fiscal Year 2024. The Budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while …

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Social Security Designates March 4th As National Slam the Scam Day!

The Inspector General for the Social Security Administration (SSA) has designated March 4, 2021 as National “Slam the Scam” Day—an outreach campaign to raise public awareness of government imposter telephone scams. This is part of National Consumer Protection Week, February 28 – March 6, 2021. We are asking you to share information about “Slam the …

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Four Questions to Help You Plan Your Retirement

Social Security benefits are part of the retirement plan of almost every American worker. If you’re among the many people covered under Social Security, you should know what your future benefit may be. These monthly payments may be a vital part of your retirement income. We base your benefit payment on how much you earned …

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Congress Finally Approves Costly Second Stimulus Bill!

Finally after many months of negotiations, a second coronavirus relief package costing a whopping $2.4 Trillion has been approved by Congress, but the President wants more money for Americans and dump the foreign aid. The bill includes unemployment benefits, aid for small businesses for most Americans, money for retired Americans too, with $1 Trillion going …

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Social Sercurity Economic Impact Payments

“The Treasury Department launched a new web tool allowing quick registration for Economic Impact Payments for eligible individuals who do not normally file a tax return, and also announced that it would begin making automatic payments. However, for some people receiving benefits from the Social Security Administration–specifically those who have dependent children under the age …

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Social Security Launches New Campaign to Fight Scammers!

The Social Security Administration launched a new Public Service Announcement (PSA) campaign to continue warning people about the ongoing nationwide telephone impersonation scheme. The PSAs feature a message from Social Security Commissioner Andrew Saul. Social Security and its Office of the Inspector General (OIG) continue to receive reports about fraudulent phone calls from people falsely …

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Beware of Social Security Scammers!

Scammers go to great lengths to trick you out of your personal information. We want to help you protect your information by helping you recognize a Social Security imposter. There’s a widespread telephone scam involving callers claiming they’re from Social Security. The caller ID may even show a government number. These callers may tell you …

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Social Security Accounces COLA Increase for 2020!

Each year, the Social security Administration (SSA) announces the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Usually, there is an increase in the benefit amount people will receive each …

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Social Security Announces New Online Form for Imposter Scam Calls!

Andrew Saul, Commissioner of Social Security, and Gail S. Ennis, the Inspector General for the Social Security Administration, announce the launch of a dedicated online form to receive reports from the public of Social Security-related scams. These scams—in which fraudulent callers mislead victims into making cash or gift card payments to avoid arrest for purported …

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The Pay Gap Is An Aging Issue

More than half of women responding to a National Council on Aging (NCOA) survey conducted with Ipsos said they are worried about outliving their savings. Income variances is very different for men and women. One major reason: the gender pay gap. Women are more likely to experience financial insecurity than men, and this discrepancy becomes …

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