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Tiny COLA

October 23, 2016

The annual Cost Of Living Adjustment (COLA) for Social Security benefits for this year is only 0.3%.  For the average recipient of benefits this is less than $4 a month ($2 for SSI recipients).  For the vast majority of beneficiaries this increase will be completely taken away by the increase in Medicare Part B premiums.  More details in our January issue. 

See Social Security fact sheet at https://www.ssa.gov/news/press/factsheets/colafacts2017.pdf.

 





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