Social Security Administration

organization

Last mentioned: Mar 21, 2026

Timeline

  1. Benefit Implementation

    The 2027 COLA increase officially takes effect for Social Security and SSI beneficiaries.

  2. Official Announcement

    The Social Security Administration typically announces the final COLA percentage for the following year.

  3. Data Collection Begins

    The SSA begins monitoring CPI-W data for the third quarter to calculate the 2027 COLA.

  4. First Tax Filing

    Workers begin filing 2025 returns, realizing the first full year of tax savings.

  5. Payroll System Updates

    Major HR tech providers roll out updates to handle bifurcated tax reporting for service industries.

  6. Executive Action

    Initial directives issued to the Treasury Department to begin exempting tips from federal withholding.

  7. Policy Proposal

    The 'No Tax on Tips' initiative is first introduced as a major campaign promise.

Stories mentioning Social Security Administration 2

Compensation Bearish

2027 Social Security COLA Forecast Rises Amid Persistent Inflationary Pressures

Early projections for the 2027 Social Security Cost of Living Adjustment (COLA) indicate a higher-than-expected increase, driven by stubborn inflationary trends in the Consumer Price Index. While the adjustment aims to protect retiree purchasing power, the underlying economic volatility presents significant challenges for workforce planning and retirement timing.

2 sources
Compensation Neutral

Tipped Workers Face Tax Windfall Amid Long-Term Policy Uncertainty

Tipped employees are anticipating significant tax savings this year following the implementation of 'No Tax on Tips' policies, yet concerns persist regarding the sustainability of these measures. HR leaders in the hospitality and service sectors must navigate the resulting payroll complexities and the potential impact on long-term employee benefits.

9 sources

About Social Security Administration coverage

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