Special to The Truth<\/p>\n
Social Security and Supplemental Security Income (SSI) benefits for
\napproximately 70 million Americans will increase 5.9 percent in 2022, the
\nSocial Security Administration announced today.<\/p>\n
The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits
\npayable to more than 64 million Social Security beneficiaries in January
\n2022. Increased payments to approximately eight million SSI beneficiaries will
\nbegin on December 30, 2021. \u00a0(Note: some people receive both Social
\nSecurity and SSI benefits). \u00a0The Social Security Act ties the annual COLA
\nto the increase in the Consumer Price Index as determined by the Department
\nof Labor\u2019s Bureau of Labor Statistics.<\/p>\n
Some other adjustments that take effect in January of each year are based
\non the increase in average wages. Based on that increase, the maximum
\namount of earnings subject to the Social Security tax (taxable maximum)
\nwill increase to $147,000 from $142,800.<\/p>\n
Social Security and SSI beneficiaries are normally notified by mail Information about Medicare changes for 2022, when announced, will be The Social Security Act provides for how the COLA is calculated. \u00a0To read Special to The Truth Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced today. The 5.9 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2022. Increased payments to approximately […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"wf_post_folders":[80],"class_list":["post-2901","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/posts\/2901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/comments?post=2901"}],"version-history":[{"count":1,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/posts\/2901\/revisions"}],"predecessor-version":[{"id":2902,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/posts\/2901\/revisions\/2902"}],"wp:attachment":[{"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/media?parent=2901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/categories?post=2901"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/tags?post=2901"},{"taxonomy":"wf_post_folders","embeddable":true,"href":"http:\/\/wordpress.thetruthtoledo.com\/index.php\/wp-json\/wp\/v2\/wf_post_folders?post=2901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nstarting in early December about their new benefit amount. \u00a0Most people who
\nreceive Social Security payments will be able to view their COLA notice
\nonline through their personal _my_ Social Security account. \u00a0People may
\ncreate or access their _my_ Social Security account online at
\nwww.socialsecurity.gov\/myaccount<\/a>\u00a0[1<\/a>].<\/p>\n
\navailable at\u00a0www.medicare.gov<\/a>\u00a0[2<\/a>]. \u00a0For Social Security beneficiaries
\nreceiving Medicare, Social Security will not be able to compute their new
\nbenefit amount until after the Medicare premium amounts for 2022 are
\nannounced. \u00a0Final 2022 benefit amounts will be communicated to
\nbeneficiaries in December through the mailed COLA notice and _my_ Social
\nSecurity\u2019s Message Center.<\/p>\n
\nmore, please visit\u00a0www.socialsecurity.gov\/cola<\/a>\u00a0[3<\/a>].<\/p>\n","protected":false},"excerpt":{"rendered":"