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$500 million for the Social Security Administration to process disability and retirement backlogs; $201 million in additional funding for AmeriCorps and other community service organizations; $150 million for Urban and Rural economic recovery programs; $150 million for an increase of claims processing military staff
The average Social Security payment of $1,230/month ($14,760/year) in 2013 [100] is only slightly above the federal poverty level for a one-person household – $11,420/yr and below the poverty guideline of $15,500/yr for two person households. [101]
Nearly 3 million people could receive a boost in Social Security payments under legislation set for a final Senate vote in the coming days. The Social Security Fairness Act would end longtime ...
The Social Security Administration (SSA) recently updated its Equity Action Plan. The SSA said increasing access to programs and improving services is the main goal. One of the new focus areas is...
Image source: Getty Images. 1. Social Security benefits are rising by 2.5%. Each year, Social Security benefits are eligible for an automatic cost-of-living adjustment, or COLA.
Social Security recipients will get a 2.5% cost-of-living adjustment (COLA) in 2025. The new COLA will boost average retirement payments by about $47 a month, based on October 2024 data from the ...
Image source: Getty Images. 1. 2.5% cost-of-living adjustment (COLA) The big Social Security news from the last couple of months has been the 2025 COLA, which came in at 2.5%.This is under the 3.2 ...
The payment schedule was based on whether the taxpayer's 2007 tax return listed direct deposit information as well as the last two digits of the social security number of the tax return's main filer, with direct deposits being sent between May 2 and May 16, and paper checks being sent between May 16 and July 11. [8]
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