Posts Tagged ‘COLA’
Social Security 2025 COLA expected to be small increase – Herb Weiss
by Herb Weiss, contributing writer on aging issues Stay tuned… Next year’s cost-of-living adjustment (COLA) will be announced by the Social Security Administration (SSA) in mid-October, upon the release of September’s annual inflation adjustment data. SSA’s COLA for 2025 will be reflected in beneficiary checks starting in January of that year. Like clockwork, this happens…
Read MoreModest Social Security COLA increase seen as chump change by some – Herb Weiss
By Herb Weiss, contributing writer on aging issues Last week, the Social Security Administration (SSA) announced that Social Security and Supplemental Security Income (SSI) benefits for more than 71 million beneficiaries will increase 3.2% in 2024, about $59 per month starting in January. The 2024 payment declined from last year’s 8.7%, but that had been the…
Read MoreThe last hurrah for RI retired pensioners – Herb Weiss
By Herb Weiss, contributing writer on aging issues To this day, talk to any state worker or teacher who retired and they are not happy campers. To the contrary, they remain bitter as to how former Governor Gina Raimondo sold them out with her version of pension cuts in 2011 when state retirees, retired teachers, and…
Read MoreSocial Security benefits increase for 2023 – what to know, what to do
by Cheryl Tudino, Social Security Administration to RINewsToday Approximately 70 million Americans will see an 8.7% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2023. On average, Social Security benefits will increase by more than $140 per month starting in January. Federal benefit rates increase when the cost-of-living rises, as…
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