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Benefit amounts are rounded down to the next-lowest dime, so this worker’s PIA, which is the amount she would receive if she waits until her full retirement age (67 years) to collect Social ...
Average in more working years. Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of covered wages. The averaging period could be increased to 38 or 40 years, which could potentially reduce the deficit by 10% to 20%, respectively. [citation ...
Here’s when to expect your SSI payments in 2023: January 2023 Payment: Dec. 30, 2022. February 2023 Payment: Feb. 1. March 2023 Payment: March 1. April 2023 Payment: March 31. May 2023 Payment ...
If you received Social Security before May 1997 — or if you’re receiving both Social Security and SSI — then you will receive your Social Security payment on Sept. 2nd and SSI on Sept. 1st ...
The regulation is projected to "result in a reduction of about 6,500 OASDI [Social Security] beneficiary awards per year and 4,000 SSI recipient awards per year on average over the period FY 2019-28, with a corresponding reduction of $4.6 billion in OASDI benefit payments and $0.8 billion in Federal SSI payments over the same period."
Supplemental Security Income (SSI) recipients will receive their next payment on February 1, 2023. SSI benefits are usually paid on the first unless the date falls on a weekend, in which case ...