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The Water Cooler
General Discussion
Social Security Cost-of-Living Adjustment for 2022 Is 5.9%
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<blockquote data-quote="SlugSlinger" data-source="post: 3656155" data-attributes="member: 7248"><p>This came from the internet:</p><p>As in the source of the SS payments.</p><p></p><p>[URL unfurl="true"]https://www.ssa.gov/oact/TRSUM/[/URL]</p><p></p><p>Based on our best estimates, the 2021 reports show:</p><p></p><p>• The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2033, one year earlier than reported last year. At that time, the fund's reserves will become depleted and continuing tax income will be sufficient to pay 76 percent of scheduled benefits.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3656155, member: 7248"] This came from the internet: As in the source of the SS payments. [URL unfurl="true"]https://www.ssa.gov/oact/TRSUM/[/URL] Based on our best estimates, the 2021 reports show: • The Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement and survivors benefits, will be able to pay scheduled benefits on a timely basis until 2033, one year earlier than reported last year. At that time, the fund's reserves will become depleted and continuing tax income will be sufficient to pay 76 percent of scheduled benefits. [/QUOTE]
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Social Security Cost-of-Living Adjustment for 2022 Is 5.9%
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