Social Security Recipients to Get 1.3% Benefit Increase in 2021

The Social Security Administration has just announced that those who receive Social Security Retirement, Social Security Disability or Supplemental Security Income (SSI) will be getting a 1.3 % benefit increase in 2021.

The 1.3% cost-of-living adjustment (COLA) will begin with benefits payable to Social Security Retirement and Disability beneficiaries in January 2021.  Increased payments to SSI beneficiaries will start on December 31, 2020.

Social Security and SSI beneficiaries are normally noti...