ROCHESTER, N.Y. (WROC) — The new year is just a few weeks away. Many of us take advantage of the clean break, and will kick off 2023 by shaking up our routines. Giving yourself a few weeks to implement a change on Jan. 1 makes it easier to adapt for some. It turns out New York lawmakers agree with this sentiment.
Here are four changes to legislation look out for (and one bonus change) happening in 2023:
About 70 million Americans can expect to see an increase in their monthly Social Security benefits and Supplemental Security Income (SSI) for 2023.
Social Security benefits are determined based on how much someone earned during their career. The payouts can range from 75% of your earnings for those with a very low income, to 27% for maximum income earners.
Following a Cost-of-Living- Adjustment, the benefits will increase by 8.7% to match inflation. On average, this will lead to a $140 boost for retired workers.
To view how your personal benefits will change, check your account on the Social Security Administration’s website.
For those still contributing to Social Security via taxes, the rate has not changed from 2022.
As part of New York State’s goals to increase the state minimum wage to $15 an hour, minimum wage will be jumping to $14.20 — up a dollar from $13.20 — for most upstate workers.
Much of the state has already hit $15: New York City made the transition in 2018 and 2019 for all workers, and...
Pakistan on April 22, Thursday urged the United Nations to call upon India to restore full implementation of the Indus Waters Treaty (IWT), warning that New Delhi’s “illegal” decision to hold the ...