Ss.pptx May 2026

The total FICA contribution is 12.4% (6.2% from workers, 6.2% from employers).

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. ss.pptx

The 2026 Cost-of-Living Adjustment ( COLA ) is set at 2.8% , beginning with payments in January 2026. The total FICA contribution is 12