increase in social security benefits

Report Shows $7.9 Billion In Fraudulent Social Security Payments

by Staff | May 3rd, 2013

May 3, 2013

While Social Security assists millions of Americans with their income, new data is showing the system is plagued with fraudulent and improper payments. Experts believe that the Social Security Administration (SSA) made more than $7.9 billion in improper payments last year alone.

Records indicate that roughly $4.7 billion in wrongful payments were made last year through Supplemental Security Income, giving this area of the program an improper payment rate of 9.2 percent. Furthermore, another $3.2 billion in illegal payments came from the Old Age, Survivors’ and Disability Insurance (OASDI) program.

CNS News stated the major reason for these improper payments seems to be Social Security Disability fraud. The problem can take many different forms, including beneficiaries who fail to inform the government of changes to income, or living arrangements. Each of these factors can significantly affect the amount an individual recipient is awarded in benefits.

To solve the problem, the new SSA Commissioner, Patrick O’Carroll, Jr., has stated he intends to have the agency conduct more reviews of recipient’s cases to ensure beneficiaries are not working on the side. Also, a computer database will be implemented that allows the agency to cross-reference information on beneficiaries in order to cut back on improper payments.

The Social Security Lawyers with Fleschner, Stark, Tanoos & Newlin explain the problem of overpayments could make it more difficult for those who are applying for benefits to receive approval. The firm suggests discussing your case with an attorney if considering applying for benefits.

2012 Social Security changes a boost to beneficiaries

by Staff | January 19th, 2012

Social Security beneficiaries will receive larger benefits payments in 2012, according to Weho News. What do these increases actually mean?

Effectively taking political issues out of the rate-setting process, a law automatically ties these changes to increases in the Consumer Price Index (CPI), which is affected by inflation.

Because inflation had been so low over the past several years, there had been no increase in benefits and few changes elsewhere. This year is different.

People receiving Social Security benefits–whether it is retirement, disability, survivors, or dependents–are receiving a 3.6 percent increase in their benefits was effective December 1, 2011. The changes will be first seen in the payments sent out in January 2012.

This change will result in a monthly increase of $43 for the average retired worker, $39 for the average disability beneficiary, and $64 for the average disabled worker with a spouse and one or more children.

The adjustment will affect more than benefits. It will also affect the following increases:

  • The maximum earnings subject to FICA payroll taxes increases from $106,800 to $110,100;
  • The amount of earnings needed to earn one Social Security credit goes from $1,120 to $1,130;
  • Substantial Gainful Activity goes from $1,000 to $1,010 per year;
  • The amount of income an Early Eligibility Age beneficiary can earn without affecting his SS goes from $14,160 to $14,640 .

Read more.

If you need help with your Social Security Disability benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.

Seniors against Social Security benefits cuts protest in Connecticut

by Staff | April 27th, 2011

April 27, 2011

Seniors who are unhappy about cuts to Social Security benefits are protesting, according to 9wsyr.com.

A “Don’t make us work til we die” rally was planned in Connecticut for those who want to protest against cuts to Social Security benefits.

Read more.

Do you think protests by constituents will be enough to influence the federal government not to make cuts to Social Security benefits? How do you think the voices of the public can be heard in regards to their opinion about Social Security benefits?

If you need help getting the Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.

Democrats plan to vote for $250 for Social Security beneficiaries

by Staff | November 15th, 2010

November 15, 2010

Democrats will vote to pay Social Security recipients $250 when they return to Washington.

According to ewireinformer.com, Democrats have planned to vote for this bill that would provide older Social Security beneficiaries a one-time Social Security payment.

The bill will cost up to $14 billion to compensate for next year’s benefit without an increase.

Read more.

Do you think Social Security beneficiaries deserve the one-time payment? Do you think this compensates for the lack of increase in Social Security benefits?

If you need help getting Social Security benefits you deserve to get your put your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.