Tag: OASDI

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

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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

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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?

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Payees Will Receive 2.8% Increase Next Year

Jeffrey Albertson/Oct. 28, 2018 67 million beneficiaries of the Social Security and Supplemental Security Income (SSI) programs will receive a 2.8% cost of living increase in 2019, according to data released earlier this month from the Social Security Administration. The adjustments will commence in December for SSI benefit payments and January 2019 for retirement and… Read More Payees Will Receive 2.8% Increase Next Year

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Social Security Payees to receive 2% Bump in 2018

Jeffrey Albertson/18 October 2017 According to data released by the Social Security Administration last Friday, the 66 million beneficiaries of the retirement, disability, and supplemental incomes programs will receive a 2% cost of living adjustment for 2018, an increase from last year’s negligible 0.3%. The adjustments will go into effect in January 2018 for retirement… Read More Social Security Payees to receive 2% Bump in 2018

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Social Security Beneficiaries to Receive .03% Cost of Living Increase

Jeffrey Albertson/18 Oct 2016 In data released today from the Social Security Administration, the 65 million beneficiaries of the Old-Age, Disability, and Supplemental Security Income (SSI) Programs will receive a cost of living adjustment of .03%. This COLA is the first since a slight 1.7% change in 2014 and 0%  in 2015. Old-Age and Disability payment… Read More Social Security Beneficiaries to Receive .03% Cost of Living Increase

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