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The increase is the largest since 1981, when the COLA was 11.2%, and raises the average retiree benefit by more than $140 per month starting in January, according to the Social Security ...
For anyone receiving Social Security benefits, the new payment amount will start in January 2023, according to the SSA. For those receiving Supplemental Security Income (SSI), the new payment ...
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...
It’s not just cost of living that’s going up, but other adjustments are also planned for January 2023. These changes will be based on the increase of average wages. “The maximum amount of ...
It was founded by Verizon retiree members of the Association of BellTel Retirees. ProtectSeniors.Org is dedicated to the interests of corporate retirees in the United States. The group represents 14.3 million retirees from 392 companies, 45 labor union locals, 98 municipal, state and federal retiree groups and 16 associations. [citation needed]
An 8.7% increase in the 2023 COLA would translate into an average monthly increase of $144.10, CBS News reported. This would boost the typical benefit to $1,802 a month from $1,658 in 2022. The ...
The Social Security Administration’s Oct. 13 announcement that next year’s COLA will rise 8.7% from 2022 was in line with most projections. For months, experts speculated that the 2023 ...
Social Security recipients will get a big bump in income beginning in 2023 thanks to an 8.7% annual cost-of-living adjustment — the highest in more than 40 years. The increase will raise the ...