Social Security Makes Deferral of Contributions Increase Official

On 14th December - Social Security made it official: it had Cabinet's blessing to proceed with its schedule of increased contributions starting in January of 2022.

8 days later, Social Security today issued a sheepish press release saying that the date is being pushed back. Contributions are now going to be increased on Monday April 4, 2022.

The contribution reform began back in 2019, but the 2021 increased was deferred for a year due to COVID. That deferral will now go up to 15 months - which coincides with the start of the new fiscal year.