International Falls Journal: Social Security recipients to get COLA in 2012
Monthly Social Security and Supplemental Security Income benefits for more than 60 million Americans will increase 3.6 percent in 2012, according to the Social Security Administration.
The 3.6 percent cost-of-living adjustment, also known as COLA, will begin with benefits that nearly 55 million Social Security beneficiaries receive in January 2012. Increased payments to more than 8 million SSI beneficiaries will begin on Dec. 30, 2011.
U.S. Sen. Al Franken, D-Minn., applauded the announcement that more than 880,000 Minnesotans, including more than 640,000 seniors, receiving Social Security will soon see an increase in their monthly Social Security checks.
© Al Franken - U.S. Senator, Minnesota, 2011. |
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