Saturday, March 6, 2021

Turned 60 last year? Social Security has an unpleasant surprise for you

Article Title: Turned 60 last year? Social Security has an unpleasant surprise for you
Snippet of Article: "...chief actuary at the Social Security Administration, said in testimony in July that a decline in the average wage index for 2020 could result in a benefit that is 9.1% lower than expected beginning in 2022. For example, a beneficiary who becomes eligible for Social Security benefits in 2021 and had earnings at the same pace as the average wage index during his career would have a monthly benefit check of about..."


Source: www.msn.com

[tag] Federal Employee News, Federal Civil Service, [/tag]