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Wednesday, November 12, 2014

Social Security announces 1.7% increase in benefits for 2015




The Social Security Administration has announced a 1.7% cost-of-living increase in monthly benefits for 2015.

 

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

This increase means that the maximum monthly SSI payment for an individual will rise from $721 in 2014 to $733 in 2015.

2:57 pm | link 


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