Chapter 472 of the Laws of 2014 was enacted on November 21, 2014. This law extends the Notice of Participation filing deadline to September 11, 2015 f...
WTC Notice of Participation Update
November 24, 2014
The VCF has recently provided us with updated information regarding the status of claims being made against the Fund. So far, there are over 55 thous...
WTC Victim Compensation Fund - Updated Statistics and Upcoming Deadline
September 10, 2014
The VCF has recently provided us with updated information regarding the status of claims being made against the Fund. So far, there are nearly 80 tho...
Updated VCF Statistics
January 15, 2015
Social Security Announces 1.7 Percent Benefit Increase for 2015
November 3, 2014
The 1.7 percent cost-of-living adjustment (COLA) will begin with benefits that more than 58 million Social Security beneficiaries receive in January 2015. The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor’s Bureau of Labor Statistics, as provided for in the Social Security Act. To read more, please visit www.socialsecurity.gov/cola.
Some other changes that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $118,500 from $117,000. Of the estimated 168 million workers who will pay Social Security taxes in 2015, about 10 million will pay higher taxes because of the increase in the taxable maximum.