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On April 28, 1988, the building was renamed the Wilbur J. Cohen Federal Building in honor of the Social Security Board's first professional employee and the former Secretary of Health, Education and Welfare. [3] On July 6, 2007, the building was added to the National Register of Historic Places.
A group representing Social Security Administration employees issued a stern warning that the agency's "staffing and funding crisis" could lead to "more Americans being denied the benefits they...
EBSA is led by the Assistant Secretary of Labor for Employee Benefits Security, a Sub-Cabinet-level position requiring nomination by the President of the United States and confirmation by the United States Senate. The office is currently held by Lisa Gomez, who was sworn in as Assistant Secretary on October 11, 2022.
The first Social Security office opened in Austin, Texas, on October 14, 1936. [10] Social Security taxes were first collected in January 1937, along with the first one-time, lump-sum payments. [8] The first person to receive monthly retirement benefits was Ida May Fuller of Brattleboro, Vermont. Her first check, dated January 31, 1940, was in ...
Data source: Social Security Administration. Chart by author. Here's the maximum possible 2025 Social Security benefit at 62, 67, and 70. Earning a high salary throughout your career is just one ...
Social Security recipients will soon find out what their new monthly payments will be in 2023 after the 8.7% cost-of-living adjustment (COLA) kicks in. Beginning in December, the Social Security...
Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of covered wages. The averaging period could be increased to 38 or 40 years, which could potentially reduce the deficit by 10% to 20%, respectively. [citation needed]
When you apply for Social Security benefits, you can request to have federal income taxes withheld from your payments.However, if you’re already receiving benefits or want to make changes, the ...