Social Security COLA for 2015

minkbunny · ‎03-09-2010

Social Security checks will rise by 1.7% -- which translates into $22 more each month for the average retired worker.

In 2015, the average worker will receive $1,328 a month, or $15,936 a year, according to the Social Security Administration. More than 58 million recipients will see the bump in their checks starting in January.

CNN Money

Secretary of Health and Human Services Sylvia Burwell announced today that next year’s standard Medicare Part B monthly premium and deductible will remain the same as the last two years. Medicare Part B covers physicians’ services, outpatient hospital services, certain home health services, durable medical equipment, and other items. For the approximately 49 million Americans enrolled in Medicare Part B, premiums and deductibles will remain unchanged in 2015 at $104.90 and $147, respectively. This leaves more of seniors’ cost of living adjustment from Social Security in their pockets.

From HHS

shesallthat · ‎03-09-2010

hi Minks!!!

thanks for the info - gonna send it to my mom right now.

MaggieToo · ‎03-09-2010

That means my check will be less than it is this year. I will have to start paying $39.00 a month more for my insurance coverage, minus the $22.00. My check will be $17.00 lower next year. ${#emotions_dlg.mad}$

LilacTree · ‎03-25-2012

Why bother?

Formerly Ford1224
We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented. Elie Wiesel 1986

MaggieToo · ‎03-09-2010

We get bupkis while millions have gone to expelled undesirable ""people"".

VioletEyes · ‎03-12-2010

On 10/22/2014 MaggieToo said:
We get bupkis while millions have gone to expelled undesirable ""people"".

I remember in high school taking an Economics course where the teacher told us NEVER to think about using Social Security to retire on.

I remembered that through my entire working career and made sure I always socked away enough money for my retirement.

adelle38 · ‎03-09-2010

On 10/22/2014 SoftRaindrops said:
On 10/22/2014 MaggieToo said:
We get bupkis while millions have gone to expelled undesirable "people".

I remember in high school taking an Economics course where the teacher told us NEVER to think about using Social Security to retire on.

I remembered that through my entire working career and made sure I always socked away enough money for my retirement.

Unfortunately, not everyone was able to do that and even people who saved run into very unexpected expenses these days.

It's always a victory for me when I remember why I entered a room.

Mj12 · ‎03-09-2010

On 10/22/2014 MaggieToo said:
We get bupkis while millions have gone to expelled undesirable ""people"".

You're getting 1.7%.

Active duty military - 1.0% raise.

Be happy you got anything. JMO.

GrettaGarbled · ‎09-25-2014

Sorry Maggie. ${#emotions_dlg.sad}$ On the bright side, at least you won't be bankrupted with medical bills. At least the cost of your health insurance is reasonable. I know it's not much consolation, but it's something.

mstyrion 1 · ‎09-18-2014

It is pretty common for large corporations to give only 2% raises yearly for those employees who have tenure with the company. It sounds like the SS increase is in line with what corporate America is doing.

~Enough is enough~