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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.

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