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Unemployment Insurance/Social Security

 

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Social Security Explained, 2012 Edition

Provides a succinct, comprehensive, and detailed explanation of the federal old-age, survivor's and disability insurance programs under the Social Security Act.The book explains who is covered by the Social Security system, liability for the tax, how a worker acquires "insured status" required for benefit eligibility and the conditions of entitlement to the various kinds of Social Security benefits.

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Social Security benefits to increase by 3.6% for 2012; first COLA in three years

For the first time in three years, Social Security beneficiaries will receive a cost-of-living adjustment in their benefits for 2012. The 3.6% increase will benefit the more than 60 million Americans who receive monthly Social Security and Supplemental Security Income (SSI) benefits. This follows two years of no increase due to a 2.1% decline in the Consumer Price Index (CPI) from the third quarter of 2008 to the third quarter of 2009, and the absence of an increase from the third quarter of 2009 to the third quarter of 2010 that “catches up” to where the CPI was at its high point in the third quarter of 2008. The increase from the third quarter of 2009 to the third quarter of 2010 was only 1.5%. However, an increase of 4.2% over the past year enabled the CPI to rise above its third quarter 2008 level. The prior two years have been the only years in which there has been no COLA increase since 1975, when Social Security benefits became indexed to increases in the Consumer Price Index.

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Unemployment Insurance/Social Security News & Information

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Social Security Benefits Including Medicare, 2012 Edition
Provides a concise but meaningful explanation of the Social Security retirement, survivors, and disability benefits programs. Learn More »

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