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How long it takes to qualify for raise social security disability?
The basic Federal payment is a standard amount for everyone. States may chip in a supplemental amount. Raises are determined by Congress and are not on a set schedule. If your circumstances change and deductions for other payments should no longer be taken, you should visit Social Security for an adjustment.
What will the social security raise be for 2012?
No. Congress recently announced there will be no cost of living adjustment (COLA) for Social Security benefits in 2011. Earn-income limits will remain at 2010 levels.
When would you see the raise in social security benefits?
At this time August 6 2010 no one would know when or what year that a COLA raise will added to the the social security benefit amounts that are currently being received in the year 2010. You could try using your own guess or crystal ball for this purpose.
Can you receive disability benefits if you are 62?
No, Social Security benefits continue unless you reenter the workforce and engage in Substantial Gainful Activity (SGA), which translates to earning more than an average of $1,000 per month for most disabilities or $1,640 per month for blindness. If you remain unemployed or employed below the level of SGA, disability benefits automatically convert to retirement benefits when you reach full retirement age (for people born before 1943, age 65; for people born between 1943 and 1954, age 66). Your benefit amount will usually remain the same, except for standard cost of living adjustments (COLA), but there will no longer be a limit on the amount of income you can earn.
When does social security cost of living raise go in effect?
= News Release = Monthly Social Security and Supplemental Security Income benefits for more than 55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced today. The 5.8 percent increase is the largest since 1982. Social Security and Supplemental Security Income benefits increase automatically each year based on the rise in the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), from the third quarter of the prior year to the corresponding period of the current year. This year's increase in the CPI-W was 5.8 percent. The 5.8 percent Cost-of-Living Adjustment (COLA) will begin with benefits that over 50 million Social Security beneficiaries receive in January 2009. Increased payments to more than 7 million Supplemental Security Income beneficiaries will begin on December 31. 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 $106,800 from $102,000. Of the estimated 164 million workers who will pay Social Security taxes in 2009, about 11 million will pay higher taxes as a result of the increase in the taxable maximum. Information about Medicare changes for 2009 can be found at www.medicare.gov. http://www.ssa.gov/pressoffice/pr/2009cola-pr.htm
What happened in the 80s that caused an upheaval in the social security system?
In the 1980s, the Social Security system faced financial challenges due to a combination of factors, including an aging population, longer life expectancy, and changes in the workforce. To address this, the Social Security Amendments of 1983 were passed, which made several changes to the system, such as increasing the retirement age and adjusting payroll taxes.
How much is a 5 percent raise of 12.30?
A 5 percent raise on $12.30 would be $0.62.
What month do they figure the Social Security raise for seniors?
The Social Security cost of living adjustment (COLA) is calculated based on the cost of living index in July, August and September of the current year. The next year's increase (or lack thereof) is typically announced around October 15.
Could a person with a mental disorder ride a motorcycle whilealso receiving social security disability?
Sure. Receiving Social Security Disability only means that one is unable to engage in "substantial gainful activity" on a full-time, or near full-time basis. There is no direct correlation between that and ability to ride a motorcycle. Now, if they were riding it on long trips on a repeated basis, that might raise some red flags, but nothing in the facts provided suggests anything inappropriate. On the other hand, if the mental disorder included symptoms like seizures, state law probably says they should not be riding or driving, but again, it has nothing to do with qualifying for SSDI.
Can you collect unemployment and your Social Security?
Technically and legally, yes, but there are a few considerations to keep in mind.While the Social Security Administration doesn't prohibit people on (SSDI) disability from receiving unemployment checks, state unemployment regulations usually require all unemployment recipients to be willing and able to accept full-time work.This creates a conflict, because you're generally not eligible for Social Security disability benefits if you're capable of full-time work.When you file for unemployment compensation, all states require you to provide your Social Security number (authorized under Internal Revenue Code of 1954, 26 U.S.C. 85, Sections 6011(a), 6050(b), 6109(a), P.L. 98-369, Section 1137(a)(1)). They will share information about your claim with other government agencies to determine how unemployment affects other benefits you may receive, such as Medicaid and food stamps.If you are already receiving Social Security Disability(SSDI), and you are filing an unemployment claim that shows you earned more than an average of $1,000 per month, the Social Security Administration will consider you to have engaged in Substantial Gainful Activity (SGA), which will cause problems.The SSA allows people on disability to attempt to reenter the workforce without penalty by providing nine non-consecutive trial work months during which you can earn in excess of $1,000 per month without jeopardizing your benefits. However, any month that you earn more than $720 is counted toward your trial work period (TWP), so if you have already used up your nine-month allotment andyou continued to earn in excess of $1,000 per month, the Social Security Administration may terminate your disability status or may initiate a Continuing Disability Review (CDR) to determine if your disability status should beterminated.If you earned more than $1,000 per month for more than nine months, you may be required to repay the Social Security Administration for overpaid benefits and you may also be terminated from disability.On the other hand, if you file for unemployment compensation based on earnings averaging $1,000 per month or less (below SGA), the unemployment claim is legitimate and shouldn't raise any red flags.If you are in the process of filing for Social Security disability, the conflict between simultaneously claiming to be incapable of "Substantial Gainful Activity" (SGA), which generally translates to full-time work, and contractually agreeing that you're willing to accept full-time work (under state unemployment regulations) in exchange for unemployment compensation, mayresult in being denied disability status (most initial claims and first appeals are denied, anyway).If you persist with the disability claim and proceed to a hearing before an Administrative Law Judge (ALJ), it will take approximately 18 months to two years from the date you originally filed the claim until your hearing date.By then, your unemployment compensation will (probably) have been exhausted and you will either have been forced to accept employment (thus ending your disability claim for all practical purposes) or will continue to be unemployed or be under-employed. This may be a factor in the judge's decision to award or deny disability, but it will not necessarily prevent you from receiving disability benefits. The disability determination process is usually long, and should not be viewed as a way of generating quick cash.For information regarding your specific circumstances, contact the Social Security Administration at 1-800-772-1213, or seek consultation with a disability attorney.
What is a 10 percent raise from a 26.00 an hour?
$28.60 an hour after the 10% raise.
Why did social security raise the tax coming out of your check?
The standard FICA rate is 6.2%. During 2011 & 2012, this was temporarily reduced to 4.2%. In January 2013, this temporary reduction ended.
