Tag: PIA

Social Security card treading water in waves

I understand that not everyone savors, with as much enthusiasm as I do, testimony by Steve Goss, Social Security’s Chief Actuary.  But I always find it very helpful.  His most recent appearance before the House Ways and Means Subcommittee on Social Security touched on a number of ways that COVID-19 might affect the program and…

Their finances are in the green

Abstract Initially enacted in 1967, the Social Security disabled widow(er)s benefit provides permanently reduced cash benefits equal to 71 1/2 percent of the deceased spouse’s primary insurance amount (PIA) to approximately 195,000 disabled widows and 5,000 widowers ages 50 through 64. Among the most economically at risk beneficiaries, an estimated 37 percent have below-poverty incomes…