Posted on 08/17/2022 6:24:36 AM PDT by Red Badger
The first half of a massive double Social Security payment for September is set to go out in just 16 days.
The first payment for eligible individuals, worth $841, will arrive on Sept. 1, while the second one, worth the same amount, will be given at the end of the month. Because some months start on a Sunday, there are three months in 2022 that gave or will give recipients a paycheck twice in one month. The three months are April, September, and December.
However, the funds do not change the total amount a person gets. The Social Security benefit on Sept. 30 will replace the disbursement on Oct. 1. Likewise, the one on April 30 replaced the May 1 payment.
Social Security will be unable to pay out full benefits by 2035 without action from Congress, according to Social Security trustees. However, Reps. John Larson (D-CT) and Pramila Jayapal (D-WA) have called for a vote in Congress to extend Social Security benefits this fall by agreeing to the Social Security 2100 bill, which would increase all checks by 2% of the average benefit, according to CNBC.
“It’s long overdue that we make sure that we’re enhancing a program that they need, especially during this pandemic,” Larson told the outlet of the program’s beneficiaries.
Other changes proposed in Larson's bill would include increasing benefits for widows and widowers, applying caregiver credit to people who do not work in order to care for children and other family members, and extend benefits for students up until the age of 26. The funds for the bill would come from taxes on those who make more than $400,000 a year, the bill proposes, according to CNBC.
Now I’m confused...................
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LOL,,,,,, The older you get more confusion for longer times.
I’m to the point of almost staying that way.
Try to avoid grocery shopping on any Wednesday....always very busy.
Like others on this thread, I cannot make sense of this
I retired a little over a year ago and went into full,”starve the beast” mode. Our goal was to have as little taxable income as possible but also have as low a cost of living as possible. So we paid off all debt and moved to a very low taxation area and now live comfortably on one third of our total social security payments. And any extra money they gave me is just fine and dandy. We pay no more income tax, and in our state there is no income tax on social security. All that, and yet we live on 32 acres of paradise that would give volunteer Park and the arboretum a run for their money. (The Seattle references because that’s where we moved from 11 years ago.)
How is it buying votes if the total amount is the same?
My assumption, after reading the article, he is that they’re talking about extra payments beyond your normal social security payments. But it might be so confusing because it’s bs, from a scammer site.
Thank you for the clarification.
The bucket that has to be continuously filled by the SS payments from those still working just got the hole draining it enlarged.
No! the money is not yours!
There are several federal court decisions that say it isn’t! If it was you could count it as part of your assets and leave it to your heirs. You can’t! The money you paid goes out the door to pay the benefits of those retired. As long as there are enough workers contributing in versus those taking out it sort of works. The bucket has to be filled faster than what runs out the hole in the bottom. (Can anyone say Ponzi Scheme!) This was all done deliberately by FDR and his Ivy League legal geniuses (Ivy League legal education! You can’t beat it! Where else can you learn to pretend reality is something it’s not!)
From the SSA web site!
https://www.ssa.gov/history/ratios.html
What I find interesting about this chart besides 159.4 workers per SS beneficiary in 1940 is it stops in 2013. In 2013 there were 2.8 workers per beneficiary. This is 2022, 9 years later, the ratio must really really be bad and they are afraid to show it!
So SloJoe goes and makes the hole bigger after wrecking the economy and put more people out of work who contribute in!
That will do wonders for the ratio!
Yeah, mean tweets are bad!
The bucket that has to be continuously filled by the SS payments from those still working just got the hole draining it enlarged.
No! the money is not yours!
There are several federal court decisions that say it isn’t! If it was you could count it as part of your assets and leave it to your heirs. You can’t! The money you paid goes out the door to pay the benefits of those retired. As long as there are enough workers contributing in versus those taking out it sort of works. The bucket has to be filled faster than what runs out the hole in the bottom. (Can anyone say Ponzi Scheme!) This was all done deliberately by FDR and his Ivy League legal geniuses (Ivy League legal education! You can’t beat it! Where else can you learn to pretend reality is something it’s not!)
From the SSA web site!
https://www.ssa.gov/history/ratios.html
What I find interesting about this chart besides 159.4 workers per SS beneficiary in 1940 is it stops in 2013. In 2013 there were 2.8 workers per beneficiary. This is 2022, 9 years later, the ratio must really really be bad and they are afraid to show it!
So SloJoe goes and makes the hole bigger after wrecking the economy and put more people out of work who contribute in!
That will do wonders for the ratio!
Yeah, mean tweets are bad!
I imagine Social Security is being eaten alive by SSI. Obama disabled more people than WW2.
Odd. Our payments go on a certain day of the month, like 2nd Tuesday, never on the 1st. Those must be some other sort of assistance, not regular social sec.
.
Your post made me actually click through to the article and, to be fair, it well explains what you describe. The biggies, apparently, are these proposals in legislation not yet passed:
“Other changes proposed in Larson’s bill would include increasing benefits for widows and widowers, applying caregiver credit to people who do not work in order to care for children and other family members, and extend benefits for students up until the age of 26.”
“But the double payments have to do with timing and not extra money.”
Yeah we saw that, but it does not answer the question. Are they delivering your monthly payment in 2 separate payments, or is this some kind of bonus payment?
from the article:
However, the funds do not change the total amount a person gets. The Social Security benefit on Sept. 30 will replace the disbursement on Oct. 1. Likewise, the one on April 30 replaced the May 1 payment.
I got all excited until I saw that part. It appears we are getting nothing extra just a day early.
The 15th has been falling on weekdays for at least the last 3 mon.....they just don’t have their shit together.
They also completely overhauled a perfectly fine TSP website that is now as user UNfreindly as they apparently could make it.
I did NOT see the word “supplementary” in either the article quoted at this thread’s lead in or in the Washington Examiner article. I read both several times and then did a word search for “supplementary.” And the closing paragraph seems to allude to a bill that has not yet been passed.
All of my payments have come on a Wed. Which Wed is determined by your birthday. So what are these payments about?
I'm confused. If this bill is still just proposed how is it happening next month?
I am assuming it is a trick because they are saying it doesn’t change the amount because all those medicare/ medicaid recipients could be dropped if they go over the amount allowed to receive medicaid.
SSI is funded from the general fund. Not SS funds. It is administered by SSA, however.
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