The Social Security Administration said on Tuesday, U.S. retirees will receive a 0.3 percent increase in their Social Security checks in 2017. The cost-of-living adjustment, also known as COLA, is tied to inflation moves. Due to the dampening effects on inflation from falling oil prices, there was no increase for 2015-2016. As measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers, the rate is determined by averaging together third-quarter inflation. Since the United States exited recession in 2009, the average annual raise has been 1.2 percent. The same 0.3 percent increase will be applied to those receiving Supplemental Security Income benefits, which is designed for the elderly and people with disabilities. The Social Security Administration said in a statement, more than 65 million people will benefit from the increase. http://feeds.reuters.com/~r/Reuters/domesticNews/~3/3PvI5z7JS04/us-usa-economy-benefits-idUSKCN12I1SV http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com
For the third time this decade, Social Security recipients won’t be seeing an annual cost-of-living adjustment next year. WSJ's Nick Timiraos has details on Lunch Break With Tanya Rivero. Photo: Getty Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
William Crawforth Michigan Social Security Attorney & Lawyer 905 W. Eisenhower Circle, Suite 110 Ann Arbor, MI 48103 Call us today! (888) 890-1244 http://www.misocialsecuritylawyer.com/ https://plus.google.com/+WilliamMCrawforthPCSocialSecurityAttorneyAnnArbor COLA for Social Security Recipients Announced Monthly checks for Michigan Social Security disability insurance benefits and SSI recipients will rise 1.7% for 2015. Increased payments begin on December 12, 2014. The Social Security Act ties the annual Cost of Living Adjustment (COLA) to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics. SSI payments for 2015 will be $733 per month. William Crawforth Michigan Social Security Attorney & Lawyer 905 W. Eisenhower Circle, Suite 110 Ann Arbor, MI 48103 Call us today! (888) 890-1244 http://www.misocialsecuritylawyer.com/ https://plus.google.com/+WilliamMCrawforthPCSocialSecurityAttorneyAnnArbor
The Social Security Administration has announced the 2015 cost-of-living adjustment for beneficiaries. Those receiving Social Security benefits will see a 1.7% increase next year.
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How do you know if you have enough credits to qualify for Social Security disability insurance benefits? With limited exceptions for younger workers, you need to have at least 20 credits during the 10 year period ending in the year you became disabled. 20 credits equals 5 years of work so another way to think about credit hours is to say that you need to have worked for 5 out of the past 10 years. If, for example, you allege that your disability begin in 2015, Social Security will look at your earnings from 2005 through 2015. You can earn up to 4 credits in each calendar year. You earn 1 credit once you earn a set amount of gross earnings. In 2017, you get 1 credit for $1,300 of gross earnings (or $5,200 will earn 4 credits). In 2005, however, you only needed $920 for 1 credit. See the table at https://www.ssa.gov/oact/cola/QC.html#qcseries for the needed earnings credits for the current year and years past. If you have been working full time and stop, your Social Security disability insurance will remain in force for about 5 years. SSDI is a more robust disability program than SSI and with SSDI you won't be subject to offsets due to your spouse's earnings or assets you may own. You can find out your "date last insured" for SSDI by opening a My Social Security account at https://www.ssa.gov/myaccount/ or by calling Social Security at 800-772-1213. It may not seem fair that someone who worked for 20 years but stopped working 15 years ago would not qualify for SSDI but that is how the law is written. Unlike Social Security retirement, which looks at your lifetime earnings, Social Security disability looks only at the 10 year period ending when you became disabled. Because SSDI runs out, you should not wait to apply for SSDI benefits. If you have any questions about this confusing topic please leave a comment or reach out to me by email. ===============FREE SURVIVAL KIT==================== Don’t know where to begin? Download my free “Secrets of Getting Approved” Survival Kit at http://bit.ly/SSD-Survival-Kit ============================================== ==============FREE CASE EVALUATION================= If you or a loved one would like a case evaluation for your SSDI or SSI case, please contact me at http://bit.ly/Contact-Jonathan =============================================== =================CONTACT ME======================== Jonathan Ginsberg Social Security Disability Attorney Website: https://www.ssdAnswers.com Facebook: https://www.facebook.com/GinsbergLaw/ Telephone: 800-890-2262 http://bit.ly/Contact-Jonathan ================================================= ***Click Below to SUBSCRIBE for More Videos*** https://www.youtube.com/subscription_center?add_user=ginsbergssd
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Social Security Sinks - Benefits Raise To Be The Lowest in Years - Stuart Varney