Blog
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In December Congress passed, and President Biden signed, the Social Security Fairness Act, which will raise Social Security benefits for nearly 3 million Americans. The new law repeals the Windfall Elimination Provision Offset and the Government Pension Offset. These 2 laws coordinated and offset Social Security benefits for recipients of government pensions for federal, state…
3 hours ago -
We already knew Social Security benefits were rising 2.5% due to the Cost of Living Adjustment (COLA). We now know Medicare premiums will increase, as well, cutting into the increase for most recipients. Centers for Medicare and Medicaid Services (CMS) has announced the part B premium for most recipients will increase by $10.30 from $174.70…
a month+ ago
News
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Summer 2021 Newsletter STILL STANDING…AND PRACTICING I published the first issue of Social Security & You in Spring of 1993. Some years I’ve published more issues than others. The most recent issue was dated Spring 2019: over 2 years ago. The world was a much different place then. Especially for me. Read the full newsletter…
3+ years ago -
Spring 2019 Newsletter An Opioid Story I’ve changed his name. Let’s call him Gerald. He was a laborer. And by that I don’t mean that he just did physical work. He was a card-carrying member the Labor’s Union local. And that meant a lot to him. I represented him for Social Security disability and Michigan…
5+ years ago
ANNUAL REPORT OF THE SOCIAL SECURITY BOARD OF TRUSTEES SHOWS IMPROVEMENT
The Social Security Board of Trustees issued its annual report on June 2, 2022. The combined asset reserves of the 2 trust funds (Old-Age and Survivors Insurance and Disability Insurance) are projected to become depleted in 2035, one year later than last year. Social Security could pay 80% of benefits due at that time.
Individually, the OASI fund is projected to become depleted in 2034, one year later than last year’s estimate, with 77% of benefits payable at that time.
The DI trust fund is not projected to be depleted during the 75 year projection period.
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