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Wednesday, December 18, 2013

Social Security announces 1.5% increase in benefits for 2014

The Social Security Administration has announced a 1.5% cost-of-living increase in monthly benefits for 2014.


The increase will begin on December 31, 2013, for SSI recipients.  For Social Security disability recipients, the increase will begin with their January 2014 payments.


The increase also means that the maximum SSI monthly payment for an individual will rise from $710 in 2013 to $721 in 2014.

3:21 pm | link 

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