There is a lot of concern lately over the fact that the Social Security Administration (SSA) has been drawing down its trust fund, and how much that will affect future Social Security benefits payments. This trust fund is the amount of money the SSA has to pay for programs such as Social Security Supplemental income…
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Probably not, according to Virginia Social Security lawyer Doug Landau. Very likely your monthly Social Security benefits will go up! When the U.S. consumer price index (CPI) increases, Social Security recipients get a cost-of-living adjustment (COLA). In 2014, Federal Social Security payments went up by 1.5%. This came to an average of $14/month. Just as…
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Hey Lawyer Landau, Why am I getting notice from the court that I can get some soda? This question came through our office many times this week! “COLA” Does Not Mean Soda Many Workers’ Compensation clients of the Herndon law firm ABRAMS LANDAU, Ltd., received notification this past weekend that they are entitled to COLA.…
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If you are disabled, retired and living on a fixed income with payments from the Federal Government, then you may have noticed that while many people around you are experiencing a drop in their earnings, your income has actually risen over the last year. This is due to the Social Security Administration’s annual cost of…
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Will Social Security Checks go up or down? It is that time of year again – October – when Social Security announces its cost-of-living adjustment (COLA) for the following year. The COLA in 2012 was 3.6%. Unfortunately the news will not be as good for next year. Social Security is expected to announce
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