North Carolina Social Security Disability Beneficiaries to Get “Pay Bump” — But a Shockingly Low One (1.7%)

November 1, 2012, by Michael A. DeMayo

If you’re on Social Security Disability in North Carolina, get set for a small pay bump come January.

Over 56 million people in the United States collect Social Security. They will be receiving a 1.7% pay hike – little less than $20 a month – in 2013. This may sound like good news, but it’s actually the lowest hike (to adjust for inflation) since 1975.

Simultaneously, 10 million people who still work and who make above the cut-off income of $110,100 will need to pay more in Social Security taxes next month. This cost-of-living adjustment (COLA) typically averages just over 4%. This super low 1.7% increase may challenge family planners.

Struggling with a North Carolina Social Security disability issue can be hard, whether you are wrestling with a serious illness or injury or you are simply financially flustered and unsure how to begin to respond to, say, the looming prospect of an Administrative Law Judge hearing.

The tested, trusted team here at the Law Offices of Michael A. DeMayo can educate you, support you, and give you the structured support to protect your interests, financially speaking and otherwise. Get in touch with the DeMayo team today for a free consultation.

 
 

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