Msg. 35059 of 65535 (This msg. is a reply to
35058 by
clo)
Jump:
Clo,
This also means that there will be an equivalent increase in the salary cap at which point the payments into the pension portion of Social Security will halt. Since 2009, that amount has also been frozen at $106,800.
Good news for retirees: in January, Social Security recipients will get their first cost-of-living increase since 2009. The boost is expected to be about 3.5 percent. There were no cost-of-living adjustments in the past two years due to low inflation rates—even though, over the same period, many recipients of Social Security saw their home values plummet and their retirement savings dry up.
Read it at Associated Press
October 18, 2011 1:27 PM
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