Thursday, December 17, 2009
SSA makes it official: no "raise" in 2010
Social Security sent all its retirement beneficiaries a greeting this week. It reads, “By law, Social Security benefits increase automatically to keep pace with inflation. When there is a period of no inflation, the law does not permit an increase in benefits. Base on the Consumer Price Index (CPI) published by the Department of Labor, there was no rise in the cost of living the past year, so your benefit will remain the same in 2010.”
My AARP Medicare Part D premium went up 6.8% however at age 66.
Thank you, SSA.