Social Security recipients to get 3.6 percent COLA - WAOW - Newsline 9, Wausau News, Weather, Sports

Social Security recipients to get 3.6 percent COLA



  WASHINGTON (AP) -- Some 55 million Social Security recipients will get a 3.6 percent increase in benefits next year, their first raise since 2009.

   The increase was announced Wednesday when the government released a key measure of inflation, which determines whether people who receive Social Security get a cost-of-living adjustment, or COLA.

   About 8 million people who receive Supplemental Security Income will also receive the 3.6 percent COLA, meaning the announcement will affect about one in five U.S. residents.

   There was no cost-of-living adjustment in 2010 or 2011 because inflation was too low. Those were the first two years without a COLA since automatic increases were adopted in 1975.

   Monthly Social Security payments average $1,082, or about $13,000 a year.

   (Copyright 2011 by The Associated Press.  All Rights Reserved.)


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