Social Security

In a move aimed at helping recipients keep pace with inflation, the Social Security Administration has announced a 2.8% cost-of-living adjustment (COLA) for beneficiaries. This increase, which will take effect in January, is set to benefit a wide range of recipients, including retirees, their spouses, individuals receiving disability benefits, and...

In a move aimed at bolstering the leadership of the Internal Revenue Service (I.R.S.), Frank Bisignano, the current Commissioner of the Social Security Administration, has been appointed to serve as the Chief Executive Officer of the I.R.S. This dual role assignment comes as the I.R.S. seeks to enhance its operational...

A government shutdown is unlikely to have a significant impact on Social Security payments, as the program’s funding is separate from the annual appropriations process. This means that retirement, survivor, and disability benefits will continue to be paid out to recipients without interruption. However, some Social Security services may be...