Cost-of-living adjustment (Social Security Disability)
On Tuesday October 18, 2016, Social Security announced a 0.3 percent benefit increase for 2017. The increase is due to the cost-of-living adjustment (COLA) and will begin for Social Security beneficiaries in January 2017. Additionally, Supplemental Security Income beneficiaries will receive the 0.3 percent increase as well beginning on December 30, 2016. The adjustment is tied to the increase in the Consumer Price Index provided by the Department of Labor’s Bureau of Labor Statistics. For additional information regarding the cost-of-living adjustment (COLA) please visit https://www.ssa.gov/news/press/factsheets/colafacts2017.pdf.
For updated information about Medicare changes for 2017 please visit https://www.medicare.gov/
For your convenience attached please find the Social Security Fact Sheet where information regarding COLA, tax rates, retirement information and much, much more can be found.