breaking news

Suspicious package attached to vehicle was cause of scare near Dayton Mall

Social Security benefits to increase for 67 million Americans next year


More than 67 million Americans will see a nearly 3 percent increase in their Social Security and Supplemental Security Income (SSI) benefit amount next year.

The increase was announced as part of the annual cost-of-living adjustment (COLA) by the federal government. Usually there is an increase in the Social Security and SSI benefit amount people receive each month, starting the following January.

» TRENDING NEWS: What could save dying retailers? Keeping it cheap

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. More than 67 million Americans will see a 2.8 percent increase in their benefits in 2019.

The maximum amount of earnings subject to Social Security payroll tax, as well as the retirement earnings test exempt amount, will also change in 2019. The maximum amount of earnings subject to the Social Security tax will increase to $132,900.

FIVE FAST READS

• You won’t believe the inside of this INCREDIBLE Oakwood house

• 5 surprising ways Kroger is changing stores in 2018

• Air Force adapts training for medics

• Sears among six retailers closing in Ohio this year

• Thunderbirds celebrate milestone year representing US Air Force



Reader Comments


Next Up in Business

Dayton tech firm wins $4.5M investment
Dayton tech firm wins $4.5M investment

A Dayton technology company is celebrating a $4.5 million investment by a New York investment firm. The investment from Hale Capital Partners goes to Dayton-based Tangram Flex, a spin-out from Portland, Ore.-based Galois, Inc. Tangram provides artificial intelligence (AI)-based software development tools focused on protecting government systems. RELATED...
Nearly 400 new proposed jobs revealed in roadwork application
Nearly 400 new proposed jobs revealed in roadwork application

The Montgomery County Transportation District is seeking more than $9 million in federal or state funds to improve roads leading to the concentration of logistics companies growing near Dayton International Airport. The concept appears on the Dayton Development Coalition-guided annual wish list of projects that could be prioritized for local lobbying...
Local leaders court foreign companies for potential investment here
Local leaders court foreign companies for potential investment here

The Miami Valley already is home to two big names in international trade: Fuyao, the Chinese company that makes automotive windshields, and Honday, the Japanese carmaker that for decades has turned out some of the company’s most popular models here. Now, local economic development agencies are trying to land even more foreign investment, pointing...
GM W.A.R.Ns Ohio: 1,607 Lordstown workers to lose jobs
GM W.A.R.Ns Ohio: 1,607 Lordstown workers to lose jobs

Consistent with its previous announcement, General Motors has officially warned Ohio government of massive impending job losses — more than 1,600 of them — in the closing of its Lordstown vehicle assembly plant in Northeastern Ohio. The notice came in a Worker Adjustment Retraining Notice (W.A.R.N) letter.  “This layoff will...
Port Authority votes to boost Fire Blocks: ‘This project is moving forward’
Port Authority votes to boost Fire Blocks: ‘This project is moving forward’

The Dayton-Montgomery County Port Authority Board of Trustees voted unanimously Monday to boost the burgeoning Fire Blocks project, approving a capital lease ownership stake in the project that will shield developer Windsor Construction from sales taxes. Columbus-based Windsor Companies took over what had been a stalled development last summer, looking...
More Stories