Last week, the Social Security Administration announced a 3.6 percent cost-of-living adjustment for Social Security and Supplemental Security Income (SSI) beneficiaries.
The Social Security COLA will take effect in January 2012 while the SSI COLA will begin on December 30, 2011.
This is the first such COLA increase since 2009 and is based upon an increase in the consumer price index as calculated by the U.S. Department of Labor.
My staff and I work for you. If we can ever be of service, do not hesitate to call my office toll free at 1-800-288-8721.