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Social Security this week announced its annual cost-of-living adjustment for 2014. As predicted, the increase will be 1.5%, which translates roughly to an additional $19 per month for the typical ...
The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s. Back then, the adjustments were much larger than they are now. Between 1975 and 1982, COLAs ...
Follow @SelenaMaranjian The cost of living is rising in America, and along with it comes a Social Security increase for 2014. That's the good news. The bad news is that it's just a 1.5% increase ...
Increase Social Security taxes. If workers and employers each paid 8.0% (up from today's 6.2%), it would provide solvency through 2090. Self-employed persons would pay 16.00% on earnings (up from today's 12.4%) under this proposal. [120] Raise the retirement age(s). Raising the normal retirement age by two months per year until it reaches 69 in ...
1972 - Social Security Amendments of 1972 (Supplemental Security Income), Pub. L. 92–603 1973 - Social Security Benefits Increase, Pub. L. 93–233 1977 - Social Security Amendments of 1977, Pub. L. 95–216
Because of this, waiting to claim Social Security can substantially increase your checks. If you qualify for the average $1,917 benefit at 62, waiting until 63 to claim would add $96 to your ...
This is how the average and maximum benefit amounts have changed since 2014 -- as well as some not-so-good news about the future of Social Security. Two people sitting at a table looking at documents.
Every year, Social Security reviews and typically increases both the amount it pays recipients and the wage base it taxes to cover those benefits. The payment increase is supposed to help ...
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related to: social security 2014 raise increase schedule table