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What is the Social Security cost of living adjustment in 2010?
There was no cost of living adjustment (COLA) in 2010 or 2011; benefits will continue being paid at the same rate as in 2009.
Did Social Security have a COLA in 2010?
No. Congress recently announced there will be no cost of living adjustment (COLA) for Social Security beneficiaries in 2011. The previous lack of adjustment in 2010 means the government will continue paying benefits at 2009 rates.
what is the cost of living adjustment for 2011?
There will be no COLA for 2011. There has been no increase in purchasing power and therefore no increase in COLA benefits. The most current explanation can be found here: http://www.ssa.gov/cola/
What does COLA stand for?
covered outside learning area Or: Cost Of Living Adjustment (As in "you ain't gettin' one.")
What is a COLA?
COLA is the acronym for Cost Of Living Adjustment.
What is the purpose of a cost-of-living adjustment?
to counter the effects of inflation
What is high cost area living supplement?
A high-cost area living supplement, also known as a locality pay adjustment, is an additional amount of money provided to federal employees working in areas with higher costs of living. It is designed to help offset the increased expenses associated with living in more expensive locations compared to standard cost-of-living adjustments.
What was the cost of living adjustment for Social Security benefits in 2009?
It was 5.8%.
Is the cost of living adjustment for wage earners the same?
Not at all. Many if not most wage earners get no cost of living adjustment. Those who do get significantly less than 100% of the cost of living - keep this in mind the next time you hear that wage increases cause inflation!
Is there a raise for disabled veterans in 2010?
No, since increases in benefits are tied to the cost-of-living. Since there was no cost-of-living adjustment declared for 2010, there is no increase.
What will the social security raise be for 2012?
No. Congress recently announced there will be no cost of living adjustment (COLA) for Social Security benefits in 2011. Earn-income limits will remain at 2010 levels.
Will there be an increase in Social Security benefits in the next two years?
There's no way to predict whether there will be an increase in Social Security benefits over the next two years. We already know 2011 checks will be paid at the same rate as in 2009, when the SSA issued a 5.8% increase. This is the first time since 1975 that rates have remained unchanged two consecutive years, so there's a good chance there will be some type of cost of living adjustment (COLA) in 2012, but this is far from a safe bet.
