[NFB-Oregon-Announce] Fwd: [State-Affiliate-Leadership-List] You are invited to come and learn about Social Security Work Incentives And More!

Sat Jan 9 15:34:56 UTC 2021

Happy New Year!

I thought some of you may want to attend this Social Security Seminar.

Carla McQuillan
President,
National Federation of the 
Blind of Oregon
Bell Academy
Training and Branding
541-653-9153

Begin forwarded message:

Members and Friends,

On January 11, 2021 at 5:00 PM EDT. The Ohio Affiliate will host a zoom call educating members on three key social benefits, The Social Security Cost Of Living Increase, Social Security Work Incentives and the Personal Care Assistance Program.

Please share the information with anyone to whom you think will benefit from learning about these programs.

If you are currently working, seeking employment or interested in work, than this vital information is for you.

Also, I have inserted below for your review, the Social Security Fact Sheet on the Cost Of Living Adjustment amounts for 2020 and 2021 at the bottom of this email.

The top number in the fact sheet displays the 2020 adjustment and the bottom is the upcoming 2021 adjustment amounts. If you have questions, please email me at SMTurner.234 at gmail.com.

Our speakers will be Brandon Smith, who is the Public Affairs Specialist at the Social Security Administration and Katie Scheetz, who is the Program Specialist for PCA Program & Deaf Services at the Bureau of Services for the Visually Impaired (BSVI).

These professionals are quite knowledgeable and will take your questions.

So, set this valuable meeting in your calendar.

Even though, these experts are in Ohio, the Social Security information is applicable nationwide.

///

Cost Of Living Adjustment: COLA facts2021
Social Security logo
2021 SOCIAL SECURITY CHANGES
Cost-of-Living Adjustment (COLA):
Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2019 through the third quarter of 2020, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 1.3 percent COLA for 2021. Other important 2021 Social Security information is as follows:

table with 3 columns and 3 rows
Tax Rate
2020
2021  
Employee
7.65%
7.65%  
Self-Employed
15.30%
15.30%
table end

NOTE: The 7.65% tax rate is the combined rate for Social Security and Medicare. The Social Security portion (OASDI) is 6.20% on earnings up to the applicable
taxable maximum amount (see below). The Medicare portion (HI) is 1.45% on all earnings. Also, as of January 2013, individuals with earned income of more
than $200,000 ($250,000 for married couples filing jointly) pay an additional 0.9 percent in Medicare taxes. The tax rates shown above do not include the
0.9 percent.

table with 4 columns and 9 rows

2020
2021  
Maximum Taxable Earnings
Social Security (OASDI only)
$137,700
$142,800  
Maximum Taxable Earnings  
Medicare (HI only)
No Limit  
Quarter of Coverage

$1,410
$1,470  
Retirement Earnings Test Exempt Amounts
Under full retirement age
$18,240/yr. ($1,520/mo.)
$18,960/yr. ($1,580/mo.)   
Retirement Earnings Test Exempt Amounts  
NOTE: One dollar in benefits will be withheld for every $2 in earnings above the limit.
Retirement Earnings Test Exempt Amounts  
The year an individual reaches full retirement age
$48,600/yr. ($4,050/mo.)
$50,520/yr. ($4,210/mo.)   
Retirement Earnings Test Exempt Amounts  
NOTE: Applies only to earnings for months prior to attaining full retirement age. One dollar in benefits will be withheld for every $3 in earnings above the limit.
Retirement Earnings Test Exempt Amounts  
Beginning the month an individual attains full retirement age
None
table end

table with 5 columns and 18 rows

2020
2021  
Social Security Disability Thresholds
Substantial Gainful Activity (SGA)
Non-Blind
$1,260/mo.
$1,310/mo.  
Social Security Disability Thresholds  Substantial Gainful Activity (SGA)  
Blind
$2,110/mo.
$2,190/mo.  
Social Security Disability Thresholds  Substantial Gainful Activity (SGA)  
Trial Work Period (TWP)
$ 910/mo.
$ 940/mo.  
Social Security Disability Thresholds  
Maximum Social Security Benefit: Worker Retiring at Full Retirement Age
$3,011/mo.
$3,148/mo.  
SSI Federal Payment Standard
Individual
$ 783/mo.
$ 794/mo.  
SSI Federal Payment Standard  
Couple
$1,175/mo.
$1,191/mo.  
SSI Resource Limits
Individual
$2,000
$2,000  
SSI Resource Limits  
Couple
$3,000
$3,000  
SSI Student Exclusion
Monthly limit
$1,900
$1,930  
SSI Student Exclusion  
Annual limit
$7,670
$7,770  
Estimated Average Monthly Social Security Benefits Payable in January 2021

Before 1.3% COLA
After 1.3% COLA  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
All Retired Workers
$1,523
$1,543  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Aged Couple, Both Receiving Benefits
$2,563
$2,596  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Widowed Mother and Two Children
$2,962
$3,001  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Aged Widow(er) Alone
$1,434
$1,453  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
Disabled Worker, Spouse and One or More Children
$2,195
$2,224  
Estimated Average Monthly Social Security Benefits Payable in January 2021  
All Disabled Workers
$1,261
$1,277
table end

Join Zoom Meeting
https://zoom.us/j/4081850851 <https://zoom.us/j/4081850851> One tap mobile
+16468769923,,4081850851#

+1 646 876 9923
Meeting ID: 408 185 0851

Suzanne Turner, Ohio Affiliate Vice President
(216) 990-6199

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