Congress
The Social Security cost-of-living adjustment (COLA) for 2013 was 1.7%.
2.0
Yes
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.
Those people who receive social security get the COLA as well as civil servic retirees.
Gerald R. Ford in 1975
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.
At this time August 6 2010 no one would know when or what year that a COLA raise will added to the the social security benefit amounts that are currently being received in the year 2010. You could try using your own guess or crystal ball for this purpose.
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.
Typically, SSA announces the COLA in October. Last year it was October 15th!
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.
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.