The SSI is a TAX first, and a promise second.
The death benefit for SS is $255, that wouldn't even cover a decent obit.
SS recipients get whatever retirement payments at the pleasure of the Congress.
Now only if there was some way to get the congress to make improvements in SS? I can't think of one, can you?
Federal employees enjoy a real retirement system that guarantees them a defined BENEFIT, and it is management by private firms, and not the congress.
The $733 a month is the Average, while the high is around $2500 a month.
which is $30,000 a year.
$773 = $8,796
$1300 = $15,600
Cost of living increases should follow those COLA for the federal employee retirement.
Yes, the federal employees also pay into FICA, but FICA and a 401K and an IRA is all that non government employees can hope for.