They made a stop gap plan to keep it floating till Feb or March. That way the new majority has a better chance of cutting programs that help people. The big guy just signed the extension of the tax cuts. He also got them to knock our contribution to SS down by 2% for 1 year. Of course that didn't take much effort. It's the beginning of the end for SS. at 6.8% it would have been good for 29 more years. Since the new majority wants to get rid of SS, this 2% reduction will stay in place and probably reduced more. SS will probably be bankrupt in 15 years instead of 29. I would suggest that you put your 2% raise in to some kind of investment. Either that or get your kids to commit to living with them. This 2% thing was a bad move.