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Tag Archives: COLA
2011 Brings Another Year Without COLA
The Social Security Act allows for automatic yearly increases in benefits for more than 58 million SSDI and SSI recipients, called a Cost Of Living Adjustment (COLA). However, the Act relies on the Consumer Price Index to rise for Urban … Continue reading
Zero Social Security COLA Affects Part B Medicare Premiums
The previous article discusses the Congressional Budget Office (CBO) prediction that there will be no Cost Of Living Adjustment (COLA) for Social Security and other benefit recipients in 2010 through 2012. According to Douglas Elmendorf, CBO Director, a zero Social … Continue reading
No Social Security COLAs for 2010 Through 2012
According to Douglas Elmendorf, Director of the Congressional Budget Office (CBO), Social Security recipients will not receive a cost of living adjustment (COLA) for the years 2010 through 2012. The Social Security Administration (SSA) generally adjusts benefits payable each January … Continue reading