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Will There Be a Cost-of Living Adjustment in Social Security Benefits This Year?
(Posted July 18, 2010)
Question 763: Will there be a COLA (Cost-of-living adjustment) in Social Security benefits for 2011?
Answer: It's too early to tell officially. Social Security, Railroad Retirement, Veterans Benefits and Federal Pensions all are adjusted if the Cost-of Living in the July-September quarter in 2010 is higher than it was in the same 3-month period in 2009. The calculation usually is made by the end of October.
There was no COLA adjustment in benefits last year because the cost-of-living actually fell. It appears that there might not be one this year for the same reason.
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