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What is the social security cola for 2013?
The Social Security cost-of-living adjustment (COLA) for 2013 was 1.7%.
What will the social security cola be for 2013?
2.0
Who decided that there would be no COLA for social security?
Congress
Does your social security Estimate go up when cola applies and you haven't received social security yet?
Yes
What is the projected 2010 cola for disabled veterans?
There is not going to be a COLA for 2010. As the current COLA is directly tied to the Social Security COLA, we get zip.
Will there be an increase in veterans disability compensation for 2011?
NO! HR 4667 was signed by the president, however, HR 4667 only ties VA disability cola to social security cola. This formula uses the CPI (consumer price index) to rate inflation and give a cola. Unfortunately, there will not be an increase for 2010 or 2011. There were rumors and a hoax email going around saying HR 4667 called for a massive increase. This was not true and proved cruel.
Do only people who pay social security get Cost of Living Adjustment?
Those people who receive social security get the COLA as well as civil servic retirees.
Who will receive a COLA for Social Security?
All Social Security recipients receive COLA (Cost of Living Adjustments) in the years in which they are given. There was no adjustment for 2010, nor will there one for 2011 because of the way the government calculates inflation. Cash benefits will be paid at the same rate as in 2009.
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.
When will they announce social security increase for 2012 or will there not be one?
Typically, SSA announces the COLA in October. Last year it was October 15th!
What are some true statements about the Social Security cost-of-living adjustment?
The Social Security cost-of-living adjustment (COLA) is based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The purpose of the COLA is to ensure that Social Security benefits keep pace with inflation. The increase in benefits due to the COLA is typically announced in October and takes effect in January of the following year.
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.
