Friday, October 16, 2015

No Benefit Increase for SSI in 2016

For only the third time in decades, individuals with disabilities who receive Social Security benefits will see no increase next year in their monthly payments.
The Social Security Administration said Thursday that there will be no automatic cost-of-living adjustment, or COLA, for 2016. That’s because inflation is too low to warrant an automatic benefit hike, the agency said.

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