Posted on August 26, 2009 by Greg Herman-Giddens

Don't Expect COLA Increases in Your Social Security Payments

According to the Social Security fund trustees, cost of living adjustments (COLAs) in Social Security payments are unlikely in 2010 and 2011.  COLAs are linked in to inflation, which has been negative in 2009, primarily due to lower energy costs.  That's little consolation to the million of seniors who depend on Social Security as their primary source of income.

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Pat - July 9, 2010 12:18 PM

It seems only fair that if Americans must forgo Colas, that all others in government pensions and Congressional or union pensions should also forgo colas.

One for all, all for one?

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