Wednesday, December 13, 2017
 
 
News: Page (1) of 1 - 10/19/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Social Security increase coming in 2012
First Social Security increase since 2009 coming next year; size announced Wednesday
By The Associated Press

WASHINGTON (AP) ' After two years without an increase in benefits, 55 million Social Security recipients are finally getting a raise next year.

Experts project the increase will be about 3.5 percent. The Social Security Administration is scheduled to make it official Wednesday when the government releases an inflation measure that determines the annual cost-of-living adjustment, or COLA.

There was no COLA in 2010 or 2011 because inflation was too low. Those were the first two years without a COLA since automatic increases were adopted in 1975.



Monthly Social Security payments average $1,082, or about $13,000 a year. A 3.5 percent increase would amount to an additional $38 a month, or about $455 a year.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines