50+ Lifestyles

YOUR SOCIAL SECURITY | Rock Island, Illinois Office

By Cristina Vital
Social Security Manager
Rock Island Social Security Office

David Black Sworn in as Deputy Commissioner of Social Security Administration

David Black was recently sworn in as Deputy Commissioner of Social Security to a term that expires on January 19, 2025. He will also serve as the Secretary to the Social Security Board of Trustees.

“David is a dedicated public servant who brings a wealth of knowledge to this position,” said Andrew Saul, Commissioner of Social Security. “I look forward to working closely with David to address challenges, more effectively carry out our mission, and improve Social Security services to the public.”

SOCIAL SECURITY BENEFITS INCREASE

Each year, we announce the annual cost-of-living adjustment (COLA). By law, federal benefits increase when the cost of living rises, as measured by the Department of Labor’s Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Usually, there is an increase in the benefit amount people will receive each month, starting the following January. Nearly 69 million Americans will see a 1.6 percent increase in their Social Security benefits and SSI payments
in 2020.

Other changes that will happen in January 2020 reflect the increase in the national average wage index. For example, the maximum amount of earnings subject to Social Security payroll tax will increase to $137,700 from $132,900. The earnings limit for workers who are younger than “full” retirement age (age 66 for people born in 1943 through 1954) will increase to $18,240. (We deduct $1 from benefits for each $2 earned over $18,240.)

The earnings limit for people turning 66 in 2020 will increase to $48,600. (We deduct $1 from benefits for each $3 earned over $48,600 until the month the worker turns age 66.)

In December 2019, we will post Social Security COLA notices online for retirement, survivors, and disability beneficiaries who have a my Social Security account. You will be able to view and save future COLA notices via the Message Center inside my Social Security.

You can log in to or sign up for a my Social Security account today at www.socialsecurity.gov/myaccount to get more information about your new benefit amount. You can choose to receive an electronic notification by email, text, or both ways under “Message Center Preferences.” Our notification will let you know that a new message is waiting for you. We will not send any personal information in the notification. The Message Center also allows you to go paperless by opting out of receiving agency notices by mail that you can get online, including annual cost-of-living adjustments and the income-related monthly adjustment amount increases. The Message Center is a secure portal where you can conveniently receive sensitive communications that we don’t send through email or text.

More information about the 2020 COLA is available at www.socialsecurity.gov/cola.