Social Security COLA 2012

[2BNTV]

Article in Yahoo finance.

http://finance.yahoo.com/news/Social-Security-to-hand-out-apf-1746150979.html?x=0&sec=topStories&pos=3&asset=&ccode=

[Figmo Bohica]

Don't hold your breath. Congress needs a raise first, they have been working so hard for WE THE PEOPLE.

[villages07]

Read the linked article. Social SecurityCOLA raises are done by formula, precisely to take political manipulation out of it. Final number is due out tomorrow morning.

Thanks for the link, 2B

[mac9]

On the news tonight, they announced 3.5%.

[Posh 08]

On the news tonight, they announced 3.5%.

cola or congress raise?

[Figmo Bohica]

Hopefully SS, but then again congress will raise Part B payment so they can afford a 7 percent raise for themselves. No matter what the Foggy Bottom Boys/Girls will get theirs.

[old moe]

:mademyday:cola or congress raise?

:mademyday:What? you didn't know you would get a SS cost of living raise in 2012!!! its election time and you know WHO is already out on the road looking for another term!!!:boom::boom:

[Posh 08]

:mademyday:

:mademyday:What? you didn't know you would get a SS cost of living raise in 2012!!! its election time and you know WHO is already out on the road looking for another term!!!:boom::boom:

Hahaha Moe, it's not "you know WHO" that gives ya that COLA. It's those other guys lookin for to get back in. :boxing2:

[old moe]

Hahaha Moe, it's not "you know WHO" that gives ya that COLA. It's those other guys lookin for to get back in. :boxing2:

Maybe sooo, but you gotta know he will take the credit!!:bigbow::bigbow:

[BobKat1]

Read the linked article. Social SecurityCOLA raises are done by formula, precisely to take political manipulation out of it. Final number is due out tomorrow morning.

Thanks for the link, 2B

Good information to remember and keep in mind.

[skip0358]

Ya know what that means 3.5% from us plus 3.5% for the equals 7 % raise for politicians after all theyb work very hard, NOT!

[buggyone]

The Social Security Cost of Living Adjustment is based on the Consumer Price Index. It is not voted on by Congress.

[Figmo Bohica]

skip, you have it right on the raise for our hard working congress criminals and then to top it off, they will raise Part B by 3.6 percent. We should do just fine with less.

[memason]

Geeezzzzz.... This is the first time I've ever seen folks be upset over getting a RAISE!

Be happy!

[Figmo Bohica]

memason, ain't no raise when you bottom line is less that what it was before the raise.

[BobKat1]

Geeezzzzz.... This is the first time I've ever seen folks be upset over getting a RAISE!

Be happy!

The phrase "damned if you do and damned if you don't" comes to mind...

In any case, I'm takin' it!!!

[getdul981]

Just hear on the news that the increase will be 3.6%.

[2BNTV]

Just hear on the news that the increase will be 3.6%.

I just saw this on Yahoo Finance and it is to start in January, 2012.

I will look for it in the check for February, 2012, as SS is always one month delayed.

I am also looking into a new medical plan where my monthly premium will not go up as my old plan has had a projected increase in their premium.

Hopefully, I will realize the full benefit of this increase.

[Jim Straz]

I just saw this on Yahoo Finance and it is to start in January, 2012.

I will look for it in the check for February, 2012, as SS is always one month delayed.

I am also looking into a new medical plan where my monthly premium will not go up as my old plan has had a projected increase in their premium.

Hopefully, I will realize the full benefit of this increase.
You will get the 3.6% raise in your January check. COLA's are always effective with the first check in January.

[2BNTV]

You will get the 3.6% raise in your January check. COLA's are always effective with the first check in January.

I stand corrected. This is my first COLA increase. :)

[aljetmet]

Here is something I just found stating that some people will not get a medicare raise in 2012.

http://blogs.reuters.com/reuters-money/2011/10/12/medicare-will-cut-social-securitys-raise-in-2012/

My wife is on medicare due to her disability. 2011 was her first year on medicare and she pays $115.40. Article says in 2012 it will reduce to $106.60.

Am I wrong?

[Jim Straz]

I stand corrected. This is my first COLA increase. :)
Maybe you brought us all good luck with this being your first. I'm happy for you, and never forget you earned it!

[rubicon]

If by formula we do end up with 3.5% I am certain that it will be match with a 7.0 raise in our taxes somewhere

[waynet]

Wow,the negativity is just unbelievable.