Oct 16, 2008

Benefits Going Up 5.8%

The Associated Press is reporting that the Cost of Living Adjustment for Social Security benefits will be 5.8% for this year. This will affect benefits beginning with the December 2008 benefits, which are paid in January 2009. The Associated Press article contains an amazing mistake, saying that the Supplemental Security Income benefit for an individual will go to $1,011 per month. I wish!

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