Tuesday, October 18, 2011

Social Security Recipients Likely to Get Raise in 2012

After two years of no cost-of-living adjustment (COLA) increase, the Social Security Administration is expected to announce tomorrow that Social Security recipients will get a raise in benefits in 2012.

The boost, which is tied to the government’s official inflation measure and is expected to be between 3.5% and 3.7%, comes as welcome news to seniors who saw their last increase back in 2009, after receiving automatic COLA increases every year since 1975.

More at http://www.inquisitr.com/151748/social-security-increase-2012-cost-of-living-adjustment/