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Cost of Living adjustments - Seniors
By Wally on Sep 11, 2009 | In Politics, National, The Market | Send feedback »
No COLA for Seniors But Lots of Juice For Business
The trustees of the Social Security system announced that there will be no increases in monthly payments to Social Security recipients for the next two years. For a generation, Social Security recipients have received annual “Cost of Living adjustments” known as “COLA.”
No Retiree COLA
By Wally on Sep 2, 2009 | In Politics, National, Defense News | Send feedback »
Military retiree cost-of-living buried In oil
It was higher oil prices last year that led to the largest annual cost-of-living adjustment (COLA) to federal entitlements since 1982. Good thing, too.
Lowered oil prices since then is almost certain to block any COLA this year for military retirees, federal civilian retirees, social security recipients, survivor benefit annuitants or disabled veterans.
