Social Security Announces 5.8 Percent Benefit Increase for 2009
Monthly Social Security and Supplemental Security Income benefits for more than
55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced today. The 5.8
percent increase is the largest since 1982. The 5.8 percent Cost-of-Living Adjustment (COLA) will begin with benefits
that over 50 million Social Security beneficiaries receive in January 2009. Increased payments to more than 7 million
Supplemental Security Income beneficiaries will begin on December 31. Read more...
