Record: No COLA for SSI Recipients

Because Congress developed the price of living allocation boost for the SSI program, there have actually been rises each year in all yet 2 years. As there will certainly be no expense of living allocation rise in 2016, this will certainly make up the 3rd time in program background with no increase.The expense of living rise is not a significant boost in month-to-month advantages, yet it is created to assist with rising cost of living. As you might have observed, this previous year the expense of gas at the pump has actually dropped considerably, as well as this equated to a reduced CPI-W number, which is why there will certainly be no rise based after the COLA this year.

One of the significant modifications created to assist receivers make ends satisfy was a yearly price of living allocation rise that was developed by Congress in 1975. Because Congress developed the price of living allocation boost for the SSI program, there have actually been rises each year in all yet 2 years. As there will certainly be no price of living allocation rise in 2016, this will certainly make up the 3rd time in program background with no increase.The expense of living boost is not a significant boost in regular monthly advantages, yet it is developed to assist with rising cost of living. As you could have observed, this previous year the expense of gas at the pump has actually dropped significantly, and also this equated to a reduced CPI-W number, which is why there will certainly be no boost based after the COLA this year.