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Arson attacks paralyze French high-speed rail network hours before start of Olympics, the Obamas endorse Harris for President; A NY county creates facial recognition, privacy protections; Art breathes new life into pollution-ravaged MI community; 34 Years of the ADA.

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Harris meets with Israeli PM Netanyahu and calls for a ceasefire. MI Rep. Rashida Tlaib faces backlash for a protest during Netanyahu's speech. And VA Sen. Mark Warner advocates for student debt relief.

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There's a gap between how rural and urban folks feel about the economy, Colorado's 'Rural is Rad' aims to connect outdoor businesses, more than a dozen of Maine's infrastructure sites face repeated flooding, and chocolate chip cookies rock August.

Ohio Social Security beneficiaries will soon see COLA increase

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Thursday, November 2, 2023   

Social Security retirement benefits will increase for Ohioans by more than $50 per month starting in January.

Theresa Busher, public affairs specialist for the Social Security Administration, said the increase is aimed at helping people keep up with the rising cost of expenses.

"It's really important for our beneficiaries," Busher stressed. "Because as we all know, as inflation creeps up and cost of living creeps up, you know that your Social Security benefit then is going to be also evaluated and adjusted automatically each year."

Around 66 million people, or about one in five residents, collected Social Security benefits last February, and about 90% of people aged 21-64 who worked in covered employment last year were insured through Social Security in case of severe disability, according to the Center on Budget Policy and Priorities.

Busher noted people will need to have a My Social Security account by Nov. 14 to see their COLA notice online.

"We just really want folks to realize that if they look online at SocialSecurity.gov, not only can you get good information about this year's cost-of-living adjustment, and how exactly it's figured, again, you can also look in your account, you can track your benefits," Busher outlined.

Other Social Security changes are also slated to go into effect next year, including changes to the maximum amount of earnings subject to the Social Security tax. The amount will increase from around $160,000 to around $168,000.


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