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Saturday, November 20, 2010

No COLA for Social Security Benefits in 2011

The Social Security Administration has announced that there will be no Cost of Living Adjustment for Social Security and SSI benefits in 2011. COLAs are added when there is a change in the Consumer Price Index, and Social Security states that no change has occurred.

This is the second year in a row that there will be no Cost of Living Adjustment to Social Security Disability, Old Age, or SSI benefits.

Read Social Security's Press Release here.


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