SSD Beneficiaries Will Not See an Increase in Benefits in 2016
Posted on November 06 2015 by Agnew & Rosenberger, PLLC
Recently, the decision to not raise Social Security Disability payments in 2016 has taken place. For only the third time in 40 years, Social Security recipients, federal retirees, and disabled veterans will see not an increase in their benefits for 2016.
In 1975, when inflation was high and there was a much greater pressure to raise benefits regularly, Congress enacted automatic increases for Social Security recipients. Since then, the average increases have been about 4% each year. Aside from the upcoming year, 2010 and 2011 were the only other years the government did not provide an increase in SSD benefits. Sources state that this has occurred due to the current measure of inflation, which is decreasing.
Undoubtedly, many recipients are concerned that the amount supplied may not be enough to live comfortably. In fact, over 4 million disable veterans, more than 2.5 million federal retirees and their survivors, along with 8 million other people will be affected by the lack of increased benefits.
Questions or Concerns Regarding Your SSD Benefits? Agnew & Rosenberger, PLLC Can Help
If you are an SSD beneficiary and fear that you have not been compensated enough to live comfortably, it is important that you contact our Virginia Social Security Disability lawyers at Agnew & Rosenberger, PLLC today. When you become our client, our team will take the time to understand the various intricacies involved with your case to develop aggressive and efficient strategies that can help you recover compensation. If you have served the country, government, or the workplace, we believe you are entitled to living a comfortable life and should never have to struggle with paying for basic living expenses.
To discuss your case, get in touch with our Virginia Social Security Disability attorneys today. We are available 24 hours a day, 7 days a week.
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