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The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019-28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019–28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
The Average Indexed Monthly Earnings (AIME) is used in the United States' Social Security system to calculate the Primary Insurance Amount which decides the value of benefits paid under Title II of the Social Security Act under the 1978 New Start Method. Specifically, Average Indexed Monthly Earnings is an average of monthly income received by ...
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Those with birthdays on the 21 st through 31 st will be paid on the third Wednesday (July 26). If you received Social Security before May 1997 or receive both Social Security and SSI, then Social ...
For example, a "normal" spousal or widow(er)'s benefit of $1,000/month was reduced to $0.00, if the spouse or widow(er) was already drawing a non-FICA taxed government pension of $1,500 or more per month. Pensions from work where Social Security taxes were paid, did not reduce Social Security spousal or widow(er)'s benefits.
It is worth noting that despite their difference, Social Security and SSI do have a few similarities, including that they are paid monthly and that the medical standards for disability are ...
The American social security system (1949) comprehensive old overview. Burns, Eveline M. Toward Social Security: An Explanation of the Social Security Act and a Survey of the Larger Issues (1936) online; Davies, Gareth, and Martha Derthick. "Race and social welfare policy: The Social Security Act of 1935." Political Science Quarterly 112.2 ...