Tag: Social Security Administration
The brief’s key findings are: The 2010 Trustees Report had no surprises – Social Security still faces a modest deficit of 2 percent of payroll, which is newsworthy given the economic crisis. The recession has had some shorter-term effects: prices are still below their 2008 levels, so beneficiaries are not expected to receive a COLA…
Introduction Today, the Social Security Administration announced that benefits payable in December 2008 would be increased 5.8 percent beginning January 1, 2009. This cost-of-living-adjustment (COLA) – the largest in 26 years – is an important reminder that keeping pace with inflation is one of the attributes that makes Social Security benefits such a unique source of…
