Press Release – October 13, 2020 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments…
For CSRS Retirees: The 2018 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2017 over the 2016 third quarter average. 2018 CSRS COLA increase effective with January 2018 annuity payments will be 2.0%. For FERS Retirees: The 2018 FERS retiree COLA is based on the third…
The Social Security Administration announced Friday that next year’s Social Security cost of living adjustment (COLA) will be 2.0%. That means an increase of $25 per month for the average beneficiary. According to the nonpartisan Kaiser Foundation, however, this will not be enough to offset the rise in Medicare Part B premium costs for 2018….
By Mike Causey – October 18, 2016 Whether you think your 2017 health premiums are going up an average of 4.4 percent, or 6.2 percent — and both numbers are accurate — the good news is that it could have been so much higher. Many private sector group health plans are going up 10 to…
The Social Security Administration is encouraging federal employees to set up free online accounts to view and manage their Social Security records. The secure accounts provide estimates for future benefits and show how much you’ll need from other sources, such as a Thrift Savings Plan, to meet your retirement goals. Each account also allows you…
By Stephen Ohlemacher – October 11, 2015 WASHINGTON (AP) — For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation’s population. They can blame low gas prices. By law, the…
By Doug Walker, Deputy Commissioner, Communications September 8, 2015 Social Security provides an economic lifeline to America’s workers through our benefit programs. We run the largest disability program in the nation. We want to make sure that everyone has a clear picture of the disability insurance program and of the people living with severe disabilities,…
For CSRS Retirees: The 2016 CSRS retiree COLA is based on the third quarter (July, August, September) average CPI-W index in 2015 over the 2014 third quarter average. After the second quarter of 2015, the third quarter for the 2016 COLA adjustment period, the quarterly average is 0.6% below the third quarter of 2014; but…
