No 2016 Social Security Or SSI Cost-of-living Adjustment (COLA)

There will not be a 2016 Social Security or Supplemental Security Income cost-of-living adjustment (COLA). The following is from today’s Social Security press release. Law Does Not Provide for a Social Security Cost-of-Living Adjustment for 2016  With consumer prices down over the past year, monthly Social Security and Supplemental Security Income (SSI) benefits for nearly…
Read More

No One Knows About A 2016 COLA Yet

Articles guessing about a Social Security cost-of-living adjustment (COLA) for next year are starting to appear. No matter what you read or hear, no one knows 2016 COLA information yet and no one will know until approximately mid-October. Last year, Social Security announced 2015 COLA details on October 22, 2014. COLAs for Social Security benefits are…
Read More

Are SSA Amounts Based On Where You Live?

Q: Do Social Security retirement amounts change based on what state you live in? A: No. Your retirement amount is based on your personal work history over many years and your age when starting benefits, not on where you live. It will not change if you move to a different state. Your best 35 years…
Read More

Receiving Social Security? Have You Moved?

When benefit amounts change for a person receiving either Social Security or Supplemental Security Income (SSI), a letter is sent by regular Post Office mail telling the new amount and reasons for the change.  As routinely done, recently the Social Security Administration has been mailing letters to beneficiaries explaining the 2015 cost-of-living increase benefit changes.…
Read More

Did Social Security Always Have A COLA?

With the 1.7 percent cost-of-living adjustment (COLA) for 2015 about to begin, it is worth noting that many pensions do not have a cost-of-living adjustment (COLA) provision. Unlike the inflation protection provided by Social Security retirement, survivors and disability benefits, for pensions lacking a COLA your starting amount is your final amount, even if you…
Read More