August 14, 1994
Q: Recently, I mailed in the new Social Security form SSA-7004, and I just received the summary of my retirement benefits. The following statement puzzled me: "Your monthly benefit at 62 in today's dollars will be about $330."I'm 48 years old. Let's assume that when I turn 62, a dollar will be worth about half of what it is today In 2005, will my check be $165, $330 or $660?A: Social Security benefits are adjusted for inflation, so the face amount of the check would grow as long as we have a positive inflation.
March 20, 2005
Q. I am 55 years old and thinking about retiring in a year or two. Would my early retirement affect how much I receive from Social Security after I elect to take regular benefits at age 65? - B.S.K., Chicago A. Based on the way Social Security benefits are calculated and paid, you and many others should carefully reconsider your decision to retire early. Here's why. The monthly benefits you receive from Social Security depend on your average earnings over the best 35 years in your work history.
September 10, 1993
WASHINGTON -- To Verna Adcock, it is the final indignity.As she mourned the death of her 22-year-old daughter last year, Ms. Adcock, of Tempe, Ariz., learned that the killer, Curtis Donald McDonnell, was receiving monthly Social Security disability -- even though Congress outlawed Social Security benefits for felons in 1980.Even more troubling to Ms. Adcock was the discovery that McDonnell, who witnesses said shouted racial epithets at the young black woman after he pulled the trigger, remains eligible for benefits even today, while he is confined at the Arizona State Hospital after being found incompetent to stand trial.
April 5, 2000
WASHINGTON -- Vice President Al Gore proposed yesterday the most substantial increase in Social Security benefits in 25 years, suggesting that widows and working mothers be granted more money to combat high poverty levels among elderly single women. The $100 billion proposal, outlined at a Philadelphia community center, drew praise from senior citizens and women's groups. But it drew fire from liberal and conservative experts on Social Security, who questioned the wisdom of increasing benefits when the system's long-term solvency is in doubt.
March 21, 2000
IT NO longer makes sense to penalize senior citizens for continuing to work beyond the time they can collect full Social Security benefits. Our thriving economy is short on manpower and needs their enormous pool of expertise and strong work ethic. Under Social Security laws, anyone age 65 to 69 who continues to work and earns over $17,000 this year will lose $1 of Social Security benefits for each $3 earned above that limit. This punitive provision was enacted in the Depression, when America had far more workers than jobs and sought to encourage seniors to retire.
October 20, 2004
WASHINGTON - More than 47 million elderly and disabled people will receive a 2.7 percent cost-of-living increase - an average of about $25 a month - in their Social Security benefits starting in January, the government announced yesterday. But for many of those who participate in Part B of Medicare, which covers visits to doctors' offices, almost half of the benefit increase will disappear before they ever see it. The government announced last week that the Medicare premium, which typically is deducted from Social Security checks, would rise by $11.60 a month next year.