Sunday, October 9, 2022

8.7 PERCENT INCREASE FOR SOCIAL SECURITY CHECKS

 It's official:  The Social Security Administration has announced the largest increase for Social Security checks in 40 years.

Your check will increase by 8.7 percent starting in January, 2023. This pay increase effects 70 million Americans on disability, SSI, retirement and survivor's benefits.

To find the amount of your increased 2023 check, do the following:

Multiply your 2022 check amount X .0875, and you have the amount of your increase.

Example:

2022 check amount $1500.00.  1500 X .0875 = $131.25.  This is your  increase for 2023.

The Social Security Administration (SSA) will be mailing out letters during the month of December to let folks know about their new, increased benefit amount.

You don't have to do anything to get this increase.  Beware of scammers who may call you about this increase, asking for personal information.  Social Security will NOT call you about this.  It's done automatically, and Social Security already has all of your information.  If someone calls you about "qualifying" for this increased payment, it will be a scam call.  Just hang up.

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Charles W. Forsythe is founder of The Forsythe Firm Huntsville, AL.  He spends all his time helping qualified claimants get approved for Social Security disability benefits.

 

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