Saturday, November 13, 2010

No Cost of Living Increase for Social Security Beneficiaries

For the second year in a row, the SSA will offer no cost-of-living adjustment
for Social Security and SSI beneficiaries in 2011. The COLA is determined by comparing the change in the Consumer Price Index (CPI-W) from the third quarter of 2008, the last year that a COLA was determined, to the third quarter of 2010. As there was no increase in that period (unlike the change from 2008 to 2009, which
was 5.8 percent, the largest increase since 1982), the SSA declined to grant a cost of living increase.