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The projected 2025 COLA for Social Security is 2.57%, according to a June 12 TSCL release, resulting in another drop. That percentage is likely to change, but the concern is that the COLA increase ...
A COLA of 3.2% would raise the average monthly retiree benefit of $1,790 by $57.30, according to TSCL. That’s a huge drop from this year’s 8.7% COLA , which pushed the average monthly check up ...
For instance, that means the September 2023 average retiree benefit of $1,793 will increase by $57 starting in January 2024. This increase is smaller than either the 5.9% COLA in 2022 or the 8.7% ...
The fundamental goal of COLA is to compensate service members for the high cost of living at certain duty stations. COLA rates are based on a service member's pay grade, years of service, and number of dependents. An area is considered high cost if the cost of living for that area exceeds 108% of that national average of non-housing costs.
The standard monthly Part B rate is rising from $164.90 to $174.70, snipping about $10 a month off the COLA gain. The annual deductible for all Medicare Part B beneficiaries will be $240 in 2024 ...
Next year’s Social Security cost-of-living adjustment (COLA) will likely be lower than the increase seniors enjoyed in 2024, according to new estimates, as inflation continues to abate.
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