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.

5 comments:

  1. Accident at Work Lawyers


    Connect with the Road Traffic Accident Solicitors & Law Firm in Middlesex, Essex. O P Law is Best Road Traffic Accident Solicitors in London provides the best legal opinion from best Solicitors in London for all injury problems.

    ReplyDelete
  2. It makes sense since the dollar was facing more deflation than inflation last year. Since the dollar is expected to inflate this coming year, there should be COLA for the next year.

    ReplyDelete
  3. Government should provide Cost of Living Increase for Social Security Beneficiaries.

    ReplyDelete
  4. Cost of Living Increase is necessary for for Social Security Beneficiaries.

    ReplyDelete