Social Security

Tri-State Residents, Politicians Weigh In On Possible Social Security, Medicare Changes As Part Of Debt Talks

Congressman Peter King said that nothing should be done to affect people already collecting benefits, but argues programs like Social Security and Medicare are unsustainable over the long term.

2011/07/07

Sign for Veterans Stand Down at Suffolk County Community College - Brentwood, NY - Apr 29, 2011 (credit: Sophia Hall / WCBS 880)

Suffolk County Community College Hosts Veterans Stand Down For Vets In Need

Veterans of all ages lined up in Brentwood, Long Island on Friday morning to get some much-needed assistance.

2011/04/29

Mr. Christie Goes To Washington, Slams Political Establishment

Conservatives love him. Liberals despise him. On Wednesday New Jersey Gov. Chris Christie was shooting from the hip on a topic no politician will touch — Social Security, and whether to raise the retirement age.

2011/02/16

Payroll Tax Cut Means More Money In Paychecks

The tax package signed by President Obama in December includes a two-percent cut in payroll taxes. This reduction means the average American will get an extra $1,000 in take-home pay in 2011.

2011/01/01

Cash - File / Photo: Evan Bindelglass / WCBS 880

Expect To See More Money In Your Paycheck

Under the compromise proposal cutting back Social Security payroll taxes, workers would pay a 4.2 percent tax rate instead of 6.2 percent – a $120 billion tax cut for workers, starting on Jan. 1.

2010/12/08

Obama Announces Bipartisan Pact On Tax Cuts

The President announced a bipartisan agreement on year-end legislation to extend expiring tax cuts and renew jobless benefits as part of a sweeping attempt to strengthen the economic recovery.

2010/12/06

It’s Official: No Social Security Increase Next Year

To make up for the lack of a cost of living adjustment, members of Congress are pushing for a one-time payment of $250 for seniors.

2010/10/15

Local Seniors Prepare For No Social Security Bump

The federal government has all but ruled out a cost of living adjustment for the coming year. It’s the second year in a row benefits have remained frozen at their current level.

2010/10/11

Social Security Feeling The Strain This Year

It’s one of the most striking fallouts from our nation’s bad economy: Social Security is facing a rare shortfall this year as a wave of people is opting to collect payments before their full retirement age.

2010/08/17