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Alliance for Retired Americans Friday Alert, Oct. 24, 2014

Washington, DC–(ENEWSPF)–October 24, 2014.

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Social Security Benefits will Increase by 1.7% in 2015

Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 64 million Americans will increase 1.7% in 2015, the Social Security Administration announced on Wednesday. The Social Security Act ties the annual cost of living adjustment (COLA) to the increase in the Consumer Price Index, as determined by the Department of Labor’s Bureau of Labor Statistics.

Other changes that take effect…

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