Skip to content

COLA Increases Small

October 20, 2013

For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Preliminary figures suggest a benefit increase of roughly 1.5 percent, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Next year’s raise will be small because consumer prices, as measured by the government, haven’t gone up much in the past year. Read more http://ow.ly/pVnIw

From → pay & benefits *

Comments are closed.