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Monday, June 15, 2009

COLA: Social Security Cost of Living Adjustments by Year

Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2008 through the third quarter of 2008, Social Security and Supplemental Security Income (SSI) beneficiaries received a 5.8% percent COLA for 2009.

Below are the last five adjustments
Year COLA
2006 4.1%
2007 3.3%
2008 2.3%
2009 5.8%

For more COLAs back to 1975, see the article "Social Security Cost-of-Living Adjustments (COLAs) by Year."

In every issue of The Retirement Advisor newsletter , we cover the latest Social Security news. On page 4 of the June 2009 issue we tell how early retirees can "reset the clock" on your Social Security benefits if you go back to work so you can get the higher monthly payment when you eventually decide to retire.

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