[NFB-NM] You are invited to come and learn about Social Security Work Incentives And More!

Sat Jan 9 16:04:24 UTC 2021

Best wishes,

Tonia Trapp, secretary
National Federation of the Blind of New Mexico

From: Chapter-Presidents <chapter-presidents-bounces at nfbnet.org
<mailto:chapter-presidents-bounces at nfbnet.org> > On Behalf Of Suzanne
Turner, NFBOH Cleveland Chapter via Chapter-Presidents
Sent: Friday, January 8, 2021 9:43 PM
To: 'Chapter Presidents Mailing List' <chapter-presidents at nfbnet.org
<mailto:chapter-presidents at nfbnet.org> >
Cc: smturner.234 at gmail.com <mailto:smturner.234 at gmail.com> 
Subject: [Chapter-Presidents] You are invited to come and learn about Social
Security Work Incentives And More!

Members and Friends,

On January 11, 2021 at 5:00 PM EDT. The Ohio Affiliate will host a zoom call
educating members on three key social benefits, The Social Security Cost Of
Living Increase, Social Security Work Incentives and the Personal Care
Assistance Program.

Please share the information with anyone to whom you think will benefit from
learning about these programs.

If you are currently working, seeking employment or interested in work, than
this vital information is for you.

Also, I have inserted below for your review, the Social Security Fact Sheet
on the Cost Of Living Adjustment amounts for 2020 and 2021 at the bottom of
this email.

The top number in the fact sheet displays the 2020 adjustment and the bottom
is the upcoming 2021 adjustment amounts. If you have questions, please email
me at SMTurner.234 at gmail.com <mailto:SMTurner.234 at gmail.com> .

Our speakers will be Brandon Smith, who is the Public Affairs Specialist at
the Social Security Administration and Katie Scheetz, who is the Program
Specialist for PCA Program & Deaf Services at the Bureau of Services for the
Visually Impaired (BSVI).

These professionals are quite knowledgeable and will take your questions.

So, set this valuable meeting in your calendar. 

Even though, these experts are in Ohio, the Social Security information is
applicable nationwide. 

///

Cost Of Living Adjustment: COLA facts2021
Social Security logo
2021 SOCIAL SECURITY CHANGES 
Cost-of-Living Adjustment (COLA): 
Based on the increase in the Consumer Price Index (CPI-W) from the third
quarter of 2019 through the third quarter of 2020, Social Security and
Supplemental Security Income (SSI) beneficiaries will receive a 1.3 percent
COLA for 2021. Other important 2021 Social Security information is as
follows: 

table with 3 columns and 3 rows
Tax Rate 
2020 
2021  
Employee 
7.65% 
7.65%  
Self-Employed 
15.30% 
15.30% 
table end

NOTE: The 7.65% tax rate is the combined rate for Social Security and
Medicare. The Social Security portion (OASDI) is 6.20% on earnings up to the
applicable
taxable maximum amount (see below). The Medicare portion (HI) is 1.45% on
all earnings. Also, as of January 2013, individuals with earned income of
more
than $200,000 ($250,000 for married couples filing jointly) pay an
additional 0.9 percent in Medicare taxes. The tax rates shown above do not
include the
0.9 percent. 

table with 4 columns and 9 rows

2020 
2021  
Maximum Taxable Earnings 
Social Security (OASDI only) 
$137,700 
$142,800  
Maximum Taxable Earnings  
Medicare (HI only) 
No Limit  
Quarter of Coverage 

$1,410 
$1,470  
Retirement Earnings Test Exempt Amounts 
Under full retirement age 
$18,240/yr. ($1,520/mo.) 
$18,960/yr. ($1,580/mo.)   
Retirement Earnings Test Exempt Amounts  
NOTE: One dollar in benefits will be withheld for every $2 in earnings above
the limit. 
Retirement Earnings Test Exempt Amounts  
The year an individual reaches full retirement age 
$48,600/yr. ($4,050/mo.) 
$50,520/yr. ($4,210/mo.)   
Retirement Earnings Test Exempt Amounts  
NOTE: Applies only to earnings for months prior to attaining full retirement
age. One dollar in benefits will be withheld for every $3 in earnings above
the limit. 
Retirement Earnings Test Exempt Amounts  
Beginning the month an individual attains full retirement age 
None 
table end

table with 5 columns and 18 rows

2020 
2021  
Social Security Disability Thresholds 
Substantial Gainful Activity (SGA) 
Non-Blind 
$1,260/mo. 
$1,310/mo.  
Social Security Disability Thresholds  Substantial Gainful Activity (SGA)  
Blind 
$2,110/mo. 
$2,190/mo.  
Social Security Disability Thresholds  Substantial Gainful Activity (SGA)  
Trial Work Period (TWP) 
$ 910/mo. 
$ 940/mo.  
Social Security Disability Thresholds  
Maximum Social Security Benefit: Worker Retiring at Full Retirement Age 
$3,011/mo. 
$3,148/mo.  
SSI Federal Payment Standard 
Individual 
$ 783/mo. 
$ 794/mo.  
SSI Federal Payment Standard  
Couple 
$1,175/mo. 
$1,191/mo.  
SSI Resource Limits 
Individual 
$2,000 
$2,000  
SSI Resource Limits  
Couple 
$3,000 
$3,000  
SSI Student Exclusion 
Monthly limit 
$1,900 
$1,930  
SSI Student Exclusion  
Annual limit 
$7,670 
$7,770  
Estimated Average Monthly Social Security Benefits Payable in January 2021 

Before 1.3% COLA 
After 1.3% COLA  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
All Retired Workers 
$1,523 
$1,543  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Aged Couple, Both Receiving Benefits 
$2,563 
$2,596  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Widowed Mother and Two Children 
$2,962 
$3,001  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Aged Widow(er) Alone 
$1,434 
$1,453  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Disabled Worker, Spouse and One or More Children 
$2,195 
$2,224  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
All Disabled Workers 
$1,261 
$1,277 
table end

Join Zoom Meeting

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+1 646 876 9923
Meeting ID: 408 185 0851

Suzanne Turner, Ohio Affiliate Vice President
(216) 990-6199 

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