Living In The Philippines Forum

Itís Your Money => Social Security and Pensions => Topic started by: bigrod on October 16, 2015, 01:34:52 AM

Title: No COLA for 2016
Post by: bigrod on October 16, 2015, 01:34:52 AM
No Cost-of-Living Adjustment for 2016
Social Security Administration <subscription.service@subscriptions.ssa.gov>

 
Social Security Matters Blog
    
 
No Cost-of-Living Adjustment for 2016
10/15/2015 10:30 AM EDT

Social Securityís annual cost-of-living adjustment (COLA) is an increase in the benefit amount people receive each month. By law, the monthly Social Security and SSI federal benefit rate increases when there is a rise in the cost of living.
Title: Re: No COLA for 2016
Post by: Art, just a re(tired) Fil-Am on October 16, 2015, 02:01:16 AM
No Cost-of-Living Adjustment for 2016
So, is that an indication that the U.S. economy is stable?
I know nothing about economics and how COLAs are calculated.
It wouldn't really concern me not getting a COLA as long the cost
of everything stays the same without creeping up in cost before the
new year and or that the USD exchange rate doesn't take a sudden nose dive. 
Title: Re: No COLA for 2016
Post by: bigrod on October 16, 2015, 09:22:45 AM
Art,

It is my understanding that because oil prices are so low this affected the CPI by it not rising.  So no increase in COLA.

Chuck
Title: Re: No COLA for 2016
Post by: JoeLP on October 17, 2015, 09:51:02 AM
so, by that logic, none of the politicians in washington are getting raises...right?  or welfare earners?  yeah, I'm being a smart-a--.  No need to answer.
Title: Re: No COLA for 2016
Post by: cvgtpc1 on October 18, 2015, 11:55:01 PM
Take it to a hidden forum and tell us how you really feel haha!