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Social Security Administration to Announce 2027 Cost-of-Living Adjustment in October 2026

Social Security Administration to Announce 2027 Cost-of-Living Adjustment in October 2026

The Social Security Administration (SSA) is set to announce the official Cost-of-Living Adjustment (COLA) for 2027 in October 2026. This annual adjustment is designed to help Social Security benefits keep pace with inflation, ensuring that the purchasing power of beneficiaries is maintained as the cost of everyday goods and services changes. The COLA applies to Social Security retirement, disability, and survivor benefits, as well as Supplemental Security Income. The calculation for the COLA is based on inflation data from the third quarter of the year, specifically using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). While estimates may circulate prior to the official announcement, the final percentage will depend on these inflation figures, which are not available until later in the year. Beneficiaries are advised to await the official announcement from the SSA for accurate information regarding their 2027 benefit increase.
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Eastpointe Mother Accused of Social Security Fraud, Misusing Nearly $30,000 in Benefits

Eastpointe Mother Accused of Social Security Fraud, Misusing Nearly $30,000 in Benefits

Keshaune Pace, also known as Keshaune Jenkins, an Eastpointe mother, faces federal charges for allegedly defrauding the Social Security Administration (SSA) of nearly $30,000 in benefits intended for her son. The complaint, covering July 2021 through October 2024, details accusations of theft of government funds and Social Security representative payee fraud. Pace began receiving benefits for her son, who was four at the time, based on alleged mental disabilities. As his representative payee, she was obligated to use the funds for his care and report any changes in his living situation or income. Investigators claim her son moved out in July 2021, prior to his 18th birthday, and school records indicate he was an unaccompanied homeless youth. Despite this, Pace allegedly continued to receive benefits. In an October 2022 report to the SSA, she falsely stated her son lived with her and had never worked. Furthermore, in January 2023, Pace is accused of bringing an imposter to a psychiatric examination required...
Rochester Democrat and ChronicleRochester Democrat and Chronicle
Is 'Dancing With the Stars' on tonight? Third elimination arrives on Viral Hits Night

Is 'Dancing With the Stars' on tonight? Third elimination arrives on Viral Hits Night

'Dancing With the Stars' returns Tuesday, Sept. 22, with Viral Hits Night, 14 remaining couples, another elimination and live voting. Here's how to watch.
Rochester Democrat and ChronicleRochester Democrat and Chronicle
‘Dancing with the Stars’ Week 2: Songs, dances, voting and how to watch tonight

‘Dancing with the Stars’ Week 2: Songs, dances, voting and how to watch tonight

Fourteen celebrity-pro pairs remain for “Viral Hits Night,” with one couple set to be eliminated Tuesday, Sept. 22.
TheStreetTheStreet
The stock market is quietly accelerating a retirement wave

The stock market is quietly accelerating a retirement wave

Economists just noticed something about the stock market rally that goes well beyond your portfolio.
Rochester Democrat and ChronicleRochester Democrat and Chronicle
NY inmate accused of stabbing correction officer with homemade weapon

NY inmate accused of stabbing correction officer with homemade weapon

Amar Bell, 49, is accused of striking a correction officer and stabbing him three times during evening meal movement at Auburn Correctional Facility.
USA TodayUSA Today
Who receives a Social Security payment on Sept. 23? See schedule

Who receives a Social Security payment on Sept. 23? See schedule

Some Social Security recipients will receive their September benefit on Sept. 23 under the agency's regular payment schedule.
Rochester Democrat and ChronicleRochester Democrat and Chronicle
NY energy rebate checks start going out today. Are you getting up to $200?

NY energy rebate checks start going out today. Are you getting up to $200?

New York's POWER energy rebate checks begin mailing Sept. 21. Here's who qualifies, how much you could receive and when checks may arrive.
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Congressional Budget Office Projects Social Security Retirement Fund Insolvency by Mid-2032

Congressional Budget Office Projects Social Security Retirement Fund Insolvency by Mid-2032

The Congressional Budget Office (CBO) projects that Social Security's retirement trust fund will become insolvent by mid-2032. This projection aligns with the Social Security Trustees' own estimates. Upon insolvency, the CBO anticipates a significant 26% cut in benefits for retirees, a reduction that is expected to increase to 40% by the end of the century. The CBO also estimates a long-term shortfall of 1.6% of Gross Domestic Product (GDP) or 4.6% of taxable payroll over the next 75 years. This looming insolvency is attributed to a fundamental imbalance between the program's growing costs and stagnant revenues. Social Security's costs have risen from 10.7% of taxable payroll in 1990 to 15.0% today, and are projected to reach 21.0% by the end of the century, while revenues have only marginally increased from 12.7% to 12.9% of payroll in the same period.
Rochester Democrat and ChronicleRochester Democrat and Chronicle
Chargers lose 2 tight ends to IR before Week 3 game vs. Bills

Chargers lose 2 tight ends to IR before Week 3 game vs. Bills

The Chargers placed tight ends David Njoku and Charlie Kolar on injured reserve before their Week 3 game against the Buffalo Bills.
TheStreetTheStreet
Fidelity finds 4 in 5 parents skip key estate plan step

Fidelity finds 4 in 5 parents skip key estate plan step

The documents are signed and filed. New research says your family still may not be prepared.
Rochester Democrat and ChronicleRochester Democrat and Chronicle
Could a nor'easter hit New York? Forecasters warn of flooding, strong winds

Could a nor'easter hit New York? Forecasters warn of flooding, strong winds

Forecasters are tracking a coastal storm that could strengthen into an early-season nor'easter, bringing strong winds, coastal flooding, beach erosion and heavy rain to parts of New York later this week.