Posted on Oct 14, 2023
Retirees to see smaller Social Security COLA boost as inflation eases
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Retirees to see smaller Social Security COLA boost as inflation eases
By Molly Weisner and Leo Shane III
Oct 12, 09:19 AM
United States capitol in Washington DC with a Social Security card and money (Getty Images)
Retirees from the federal government and military will see a much smaller cost-of-living adjustment to their Social Security benefits next year thanks to cooling inflation rates.
The Social Security Administration announced on Thursday that the COLA for 2024 will be 3.2%, which beneficiaries will see reflected in their statements come January. That means retirees would see an average increase of $59 each month, according to the AARP.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee] Sgt (Join to see) PV2 Larry Sellnow SPC (Join to see) Amn Dale Preisach SGT Ruben Lozada 1SG Patrick Burke PO2 Marco Monsalve Lt Col Charlie Brown Maj Kim Patterson] SFC Ralph E Kelley SPC (Join to see) SSG William Jones Maj Ronald Scarpa SSG Paul Endes PO1 Lyndon Thomas
Retirees to see smaller Social Security COLA boost as inflation eases
By Molly Weisner and Leo Shane III
Oct 12, 09:19 AM
United States capitol in Washington DC with a Social Security card and money (Getty Images)
Retirees from the federal government and military will see a much smaller cost-of-living adjustment to their Social Security benefits next year thanks to cooling inflation rates.
The Social Security Administration announced on Thursday that the COLA for 2024 will be 3.2%, which beneficiaries will see reflected in their statements come January. That means retirees would see an average increase of $59 each month, according to the AARP.
PO1 William "Chip" Nagel SSG Michael Noll Lt Col John (Jack) Christensen Cpl Vic Burk SGT Charlie Lee] Sgt (Join to see) PV2 Larry Sellnow SPC (Join to see) Amn Dale Preisach SGT Ruben Lozada 1SG Patrick Burke PO2 Marco Monsalve Lt Col Charlie Brown Maj Kim Patterson] SFC Ralph E Kelley SPC (Join to see) SSG William Jones Maj Ronald Scarpa SSG Paul Endes PO1 Lyndon Thomas
Retirees to see smaller Social Security COLA boost as inflation eases
Posted from armytimes.comPosted in these groups: 
COLA (Cost of Living)Social Security Administration
COLA (Cost of Living)Social Security Administration
Posted 1 y ago
Responses: 1
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