[Nfbf-l] Social Security Announces 1.7 Percent Benefit Increase for2015

[RJ Sandefur]

Can someone please explaine what this means?

The Substantial Gainful Activity (SGA) level for blind recipients will
increase to $1,820 per month.
----- Original Message ----- 
From: "Sherri via Nfbf-l" <nfbf-l at nfbnet.org>
To: <nfbf-l at nfbnet.org>; <NFBF-Leaders at yahoogroups.com>
Sent: Tuesday, October 28, 2014 7:55 AM
Subject: [Nfbf-l] Social Security Announces 1.7 Percent Benefit Increase 
for2015


> Monthly Social Security and Supplemental Security Income (SSI) benefits 
> for
> nearly 64 million Americans will increase 1.7 percent in 2015, the Social
> Security Administration announced today.
>
>
> The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits
> that more than 58 million Social Security beneficiaries receive in January
> 2015.  Increased payments to more than 8 million SSI beneficiaries will
> begin on December 31, 2014. The Social Security Act ties the annual COLA 
> to
> the increase in the Consumer Price Index as determined by the Department 
> of
> Labor's Bureau of Labor Statistics.
>
>
>
> Some other changes that take effect in January of each year are based on 
> the
> increase in average wages.  Based on that increase, the maximum amount of
> earnings subject to the Social Security tax (taxable maximum) will 
> increase
> to $1,850 from $1,700.  Of the estimated 168 million workers who will pay
> Social Security taxes in 2015, about 10 million will pay higher taxes
> because of the increase in the taxable maximum.
>
>
>
> The Substantial Gainful Activity (SGA) level for blind recipients will
> increase to $1,820 per month.
>
> Information about Medicare changes for 2015 is available at
> www.Medicare.gov.
>
>
>
> The Social Security Act provides for how the COLA is calculated.  To read
> more, please visit www.socialsecurity.gov/cola.
>
>
>
>
>
>
>
>
>
> Sherri
>
> Character is the side of yourself you choose to show the world.
> Integrity is what you do, what you say and how you act when you think no 
> one
> is paying attention.
> Sherri Brun
> NFBF Newsline Chair
> flmom2006 at gmail.com
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Is this being raised from 100640? RJ