Jun 24, 2009
Social Security News
- SOCIAL SECURITY: Retirement age varies (Asbury Park Press)Q: What is "full retirement age" and what happens if I apply for Social Security benefits before then? […]
- Social Security checks may get smaller (KETK 56 Tyler)A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old. Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by […]
- Pomeroy gets chairmanship of Social Security subcommittee after panel shakeup (The Fargo Forum)BISMARCK (AP) — A shakeup on the U.S. House's influential Ways and Means Committee has left North Dakota Rep. Earl Pomeroy as chairman of a subcommittee on Social Security. […]
- Social Security topic of Chester library program (The Progress)CHESTER – “Social Security: Know the Facts” is the topic at a Senior Lunch n Learn” at noon on Monday, March 8, at the Chester Library. […]
- Citibank Exposes Thousands Of Customers Social Security Numbers (KOLR - KSFX Ozarks)Citibank is informing some 600,000 customers that is exposed their Social Security numbers earlier this year. […]
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No! Social Security would not reduce your check. You would just not receive a cost of living increase and I have never seen that happen. Here are the COLAs back 2000 to present:
Year COLA
2000 3.5
2001 2.6
2002 1.4
2003 2.1
2004 2.7
2005 4.1
2006 3.3
2007 2.3
2008 5.8
If they can find a way to keep our money, they will. What I’m saying is that no matter what the law says now, they could change it.
By the time I collect any benefits the amount will have been reduced just to keep the system from folding.
Theoretically, yes, since it is indexed to the CPI. If consumer prices fall, then in theory the SS will fall.
But it is very unlikely that we will see deflation on any noticable scale.
They are indexed to the CPI, I believe.