October 27, 2014 in Breaking News, COLA

SSA Announces the 2015 COLA Increase

SSA Announces the 2015 COLA Increase of 1.7%

On October 22, 2014, the Social Security Administration announced that the cost of living adjustment for 2015 benefits will be 1.7%. This means that recipients of Social Security and Supplemental Security Income (SSI) benefits will see a 1.7% increase in their monthly benefit amount as of December 31, 2014. To view the announcement, click here.

Special instructions are provided for managers attempting to complete recertifications effective on or between January 1 and April 1, 2015 in HUD Handbook 4350.3, Change 4, Section 9-6 B (1e).