No Cost of Living Adjustment for Retirees in 2011

The Social Security Administration has announced there will be no increase in Social Security benefits payable in January 2011, nor will there be an increase in SSI payments. Beneficiaries in other federal programs, including civil service and military retirement, railroad retirement and those drawing veterans’ compensation and pensions, also will not receive a COLA in 2011 because their COLAs are...

CBO Projects No Cost-of-Living Raise for Next Three Years

In his blog today, Douglas W. Elmendorf, the director of the Congressional Budget Office, announced that he does not anticipate that retirees, specifically those receiving Social Security benefits, will receive a cost-of-living adjustment (COLA) in January. Since by law, military retirees receive the same COLAs as Social Security beneficiaries, their won’t be any COLA for them in January either.