[nfbwatlk] FW: FW: [leadership] Social Security COLA and SGA Increase

[Mike Freeman]

From: Wcb-l [mailto:wcb-l-bounces at wcbinfo.org] On Behalf Of Sue Ammeter
Sent: Wednesday, October 17, 2012 9:30 AM
To: wcb-l at wcbinfo.org
Subject: [Wcb-l] FW: [leadership] Social Security COLA and SGA Increase

 

 

 

From: leadership-bounces at acb.org [mailto:leadership-bounces at acb.org] On
Behalf Of Eric Bridges
Sent: Tuesday, October 16, 2012 7:35 AM
Subject: [leadership] Social Security COLA and SGA Increase

 

The monthly SGA amount for statutorily blind individuals for 2013 is $1740.
That represents a $50 increase over 2012

Please read the news release below concerning the 1.7 percent increase for
the Cost of Living Adjustment for 2013. 

 

Eric 


Tuesday, October 16, 2012
For Immediate Release

Press Office
410-965-8904
press.office at ssa.gov

 


http://www.vocus.com/images/pr/ssa_logo.jpg

News Release

SOCIAL SECURITY

 

 Social Security Announces 1.7 Percent Benefit Increase for 2013
 

Monthly Social Security and Supplemental Security Income (SSI) benefits for
nearly 62 million Americans will increase 1.7 percent in 2013, the Social
Security Administration announced today.

The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits
that more than 56 million Social Security beneficiaries receive in January
2013.  Increased payments to more than 8 million SSI beneficiaries will
begin on December 31, 2012.

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 $113,700 from $110,100.  Of the estimated 163 million workers who will
pay Social Security taxes in 2013, nearly 10 million will pay higher taxes
as a result of the increase in the taxable maximum. 

Information about Medicare changes for 2013, when announced, will be
available at www.Medicare.gov <http://www.medicare.gov/> .  For some
beneficiaries, their Social Security increase may be partially or completely
offset by increases in Medicare premiums.  

The Social Security Act provides for how the COLA is calculated.  To read
more, please visit www.socialsecurity.gov/cola. 

 

# # # 

 

  _____  

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