Henry Raymond

Fairfax News => Current News & Events => Topic started by: Henry on December 15, 2011, 07:17:32 AM

Title: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: Henry on December 15, 2011, 07:17:32 AM

Got my notification yesterday as to how much of an increase I will get in my Social Security Pension next year.  It has been a number of years since SS Recipients have received a raise and usually when they did, the increase in health insurance ate it all up.  My increase will amount to $145 a month, which is quite good.

Looking back over the years when my parents, who were self employed started contributing into the SS Fund and myself, back in the early 1950s, the general consensus was that Social Security would provide you with a pension to live on.  I would hate to think that I could live on what I get, although there are many people out there who live on only that.

My suggestion to those of you who are still young, keep contributing into you 401K, because you are definitely going to need it.

Title: Re: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: al brodeur on December 15, 2011, 04:05:32 PM

Henry your telling me that you are a millonaire, over 4k a month s/s wow! wish I could havebeen hired by IBM when you guys all went in

Title: Re: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: Henry on December 15, 2011, 04:37:02 PM

Don't know where you got the 4k Al - Maximum Social Security is $1446.00 a month

Title: Re: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: al brodeur on December 16, 2011, 11:58:05 AM

Henry you stated $145 a month more, and the increase is to be 3.6%
also the max is a lot more now than 14c per month

Title: Re: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: Judi on December 16, 2011, 01:45:20 PM

Henry did you the increase of $145.00 was for the month or the year? That might explain it.

Title: Re: Social Security Recipients Notified Of How Much Their Raise Will Be
Post by: Henry on December 16, 2011, 04:24:08 PM

You are probably right Judi, I will let you know on January 3, 2012 how much more I will be getting after my Medical Insurance is deducted - It probably will be more like $45 a Month as Medicare Part B is deducted and that usually goes up every year.