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The SSA also faces a looming financial crisis because its Old Age and Survivors Insurance (OASI) Trust Fund, which currently funds about one-quarter of benefits, is due to run out of money in ...
On average, Social Security benefits will increase by more than $140 a month in 2023, the SSA said. The 8.7% COLA is the biggest annual increase since the 11.2% adjustment in 1981. ... In Other News.
The Social Security Administration will start sending out 2023 cost-of-living adjustment (COLA) notices by mail throughout December. Starting Jan. 1, Social Security benefits will increase by 8.7%.
The Social Security Administration was established by the Social Security Act of 1935 and is codified in 42 U.S.C. § 901 (49 Stat. 635). It was created in 1935 as the "Social Security Board", then assumed its present name in 1946.
November 29, 2023 at 6:16 PM Rep. Lauren Boebert (R-Colo.) argued with a Social Security official over claims of backlogs in a Wednesday hearing about post-pandemic teleworking policies .
FATIMA HUSSEIN and TOM MURPHY. May 6, 2024 at 5:31 PM. WASHINGTON (AP) — The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to ...
The South African Social Security Agency ( SASSA) is a national agency of the South African government created in April 2005 to administer South Africa's social security system, including by distributing social grants, on behalf of the Department of Social Development (DSD). It is under the oversight, but not the operational control, of DSD and ...
The new payment amounts in 2023 will reflect an increase of 8.7%, which is the highest adjustment the Social Security Administration has offered since 1981, and is the fourth biggest COLA in the ...