SSA makes highest COLA raise in 7 years

October 11, 2018

The SSA announced on Oct. 11 that the 2019 cost-of-living-adjustment will be 2.8 percent, the highest annual raise in 7 years. More than 62 million retirees plus another 8 million Supplemental Security Income (disabled workers) beneficiaries will receive the bump in benefits for Jan. 1, 2019. The jump will mean a $39 per month raise for the average retiree. Read more: https://www.ssa.gov/cola/. For guidance on Social Security and Medicare, contact your account manager or call 888-556-0123.