Pensioners to receive 1.3% raise at year’s end

ATLANTA — Beneficiaries of two federal programs will receive a 1.3% cost of living adjustment, according to Social Security Administration (SSA) data released last month. The 8.05 million Supplemental Security Income (SSI) beneficiaries will see the increase in December, while the 69.7 million Old-Age, Survivors, and Disability Insurance (OASDI) beneficiaries will receive additional pay beginning… Read More Pensioners to receive 1.3% raise at year’s end

Beneficiaries To Receive Nominal Increase Next Year

According to data released today from the Social Security Administration, the 68.6 million beneficiaries of the Old-Age, Survivors, and Disability Insurance (OASDI) and Supplemental Security Income (SSI) programs will receive a cost of living adjustment of 1.6% next year, a decrease from last year’s 2.8% bump. The adjustments will commence on December 31, 2019 for… Read More Beneficiaries To Receive Nominal Increase Next Year

What’s up with Social Security’s Trust Funds?

The Social Security program pays monthly cash benefits to retired or disabled workers and their family members and to the family members of deceased workers. The Old-Age, Survivors, and Disability Insurance (OASDI) program consists of two parts. Retired workers, their families, and survivors of deceased workers receive monthly benefits under Old-Age and Survivors Insurance (OASI)… Read More What’s up with Social Security’s Trust Funds?