[Nfbf-l] Social Security Increase

[Sherri]

Hey, try not to spend all this in one place.  I just got this in an e-mail 
from the Social Security Administration.

Sherri

Press Office | Press Releases

main region
Press Releases
Tuesday, October 18, 2016
For Immediate Release
Mark Hinkle, Acting Press Officer
press.office at ssa.gov
News ReleaseSOCIAL SECURITY

Social Security Announces 0.3 Percent Benefit Increase for 2017

Monthly Social Security and Supplemental Security Income (SSI) benefits for 
more than 65 million Americans will increase 0.3 percent in 2017, the Social
Security Administration announced today.

The 0.3 percent cost-of-living adjustment (COLA) will begin with benefits 
payable to more than 60 million Social Security beneficiaries in January 
2017.
Increased payments to more than 8 million SSI beneficiaries will begin on 
December 30, 2016. 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 adjustments 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 $127,200 from $118,500. Of the estimated 173 million workers who 
will
pay Social Security taxes in 2017, about 12 million will pay more because of 
the increase in the taxable maximum.

Information about Medicare changes for 2017, when announced, will be 
available at
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.

NOTE TO CORRESPONDENTS: Attached is a
fact sheet
 showing the effect of the various automatic adjustments.
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The National Federation of the Blind knows that blindness is not the 
characteristic that defines you or your future. Every day we raise the 
expectations
of blind people, because low expectations create obstacles between blind 
people and our dreams. You can live the life you want; blindness is not what 
holds you back.

Sherri Brun
flmom2006 at gmail.com
President NFB of Central Florida
NFBF Newsline Marketer
Phone:  877-334-2069