NEWS ON SOCIAL SECURITY BENEFITS AND NEWEST ON LINE FEATURE (1225 hits)

LOOKING OUT FOR SOCIAL SECURITY JANUARY 2013
YOUR NATIONAL NEWS
DECEMBER 2012
DAY 4

LOOKING OUT FOR BENEFIT INCREASES:
Social Security beneficiaries will be fortunate to receive a small rate increase in the monthly checks beginning January 2013. There will be a rate increase of about 1.7 percent which is equated an average benefit of $1,240 will rise to twenty-one dollars more each month. The same percentage will apply to pensions and federal government retirees. This increase is less than half of the 3.6 percent which was boosted in 2012. In 2011 there was no increase at all. The small increase will not be a big benefit to many older Americans struggling to get by because of high inflation. Many getting the increase will could still face the inablity or affordability to buy their prescription medications.

LOOKING OUT ON-LINE:
Beginning now your social security information is at your fingertips. The SSA website has added a newest feature called My Social Security. This newest set up will allow persons to a personal page and access at anytime. The page will allow the user to obtain statements that used to be mailed each year and will estimate future retirement benefits, lifetime earning to date and total Social Security and Medicare taxes paid. For those interested in opening an account MY Social Security visit the Social Security web site, and answer a few questions to verify your identity and be assigned a password.
Posted By: MIISRAEL Bride
Tuesday, December 4th 2012 at 6:21PM
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