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!
Payment increases given to retirees under the Social Security program are known as Cost-Of-Living Adjustments or COLAs.The following statements about COLAs are true.Due to the high inflation experienced in the United States during the early 1970's Congress authorized an annual cost of living increase for Social Security recipients.The highest cost of living increase ever given was 14.3 percent in 1980.During the years 2009 and 2010 for the first time ever there were no social security COLA increases given to social security recipients.Increased social security payments due to COLAs are handed out in December of each year.COLA increases are determined based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers as calculated by the Bureau of Labor Statistics.
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.