Thursday, October 16, 2008

COLA TO RISE 5.8%


According to a press release today from the Social Security Administration today: "Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2007 through the third quarter of 2008, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 5.8 percent COLA for 2009." SSI monthly benefits for an individual will increase to $674.00 per month and $1,011 for an eligible individual with an eligible spouse.

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