8.7% Social Security COLA is Highest in Four Decades, But Seniors Need a Better Inflation Formula

The Social Security Administration SSA announced this morning that Social Security benefits will increase 8.7 % in 2023 --- the largest cost-of-living adjustment (COLA) in four decades. On average, Social Security benefits will increase by more than $140 per month starting in January.

SSA Woefully Underfunded, Struggling to Provide Customer Service, Witnesses Tell Congress

Witness after witness at Tuesday’s Congressional hearing on Social Security Administration (SSA) customer service testified that the agency is in dire need of additional resources in order to properly serve the public.  The hearing was held by the House Ways and Means Social Security subcommittee, chaired by Rep. John Larson (D-CT), with testimony from a variety of witnesses from SSA and advocacy groups. 

What Does the President’s Budget Mean for Seniors?

There’s encouraging news for seniors in President Biden’s FY2023 budget, even though it does not contain everything that advocates for older Americans had hoped.  The budget, which now will be submitted to Congress, includes crucial funding for services that seniors rely upon – from the operation of the Social Security Administration (SSA) to nutrition programs under the Older Americans Act.

SSA Field Offices to Re-open in March

After nearly two years of Social Security field offices being closed for all but “dire needs,” the Social Security Administration indicated today that there is progress toward re-opening.  Acting SSA Commissioner Kilolo Kijakazi announced in a press release that the agency and its three main labor unions have reached agreement on a re-opening plan.
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