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What is the social security cola for 2013?
The Social Security cost-of-living adjustment (COLA) for 2013 was 1.7%.
What will the social security cola be for 2013?
2.0
Who decided that there would be no COLA for social security?
Congress
Does your social security Estimate go up when cola applies and you haven't received social security yet?
Yes
What is the projected 2010 cola for disabled veterans?
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.
Will there be an increase in veterans disability compensation for 2011?
NO! HR 4667 was signed by the president, however, HR 4667 only ties VA disability cola to social security cola. This formula uses the CPI (consumer price index) to rate inflation and give a cola. Unfortunately, there will not be an increase for 2010 or 2011. There were rumors and a hoax email going around saying HR 4667 called for a massive increase. This was not true and proved cruel.
Do only people who pay social security get Cost of Living Adjustment?
Those people who receive social security get the COLA as well as civil servic retirees.
Who will receive a COLA for Social Security?
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.
What will the social security raise be for 2012?
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.
When will they announce social security increase for 2012 or will there not be one?
Typically, SSA announces the COLA in October. Last year it was October 15th!
What are some true statements about the Social Security cost-of-living adjustment?
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.
Did Social Security have a COLA in 2010?
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.
