You can file for benefits three months before you want them to start. Postponing from age 62 to 70 increases benefits by over 75% due to delayed retirement credits.
While SSA reserves are projected to be depleted by the early 2030s (around 2032–2035), benefits will not stop, but may be reduced to roughly 77–80% of current levels if Congress does not act.
2020 Primer , 2018 Primer , 2019 Primer , 2013 Primer .
Based on the available information, pptx file as of April 2026:
The total FICA contribution is 12.4% (6.2% from workers, 6.2% from employers).
Retirement Plan Presentation , NYSTRS Presentation . Disability Support: SSDI and SSI Presentation . SSDI/Disability application processes ? Taxation of benefits ? Social Security Administration
The 2026 Cost-of-Living Adjustment ( COLA ) is set at 2.8% , beginning with payments in January 2026.