COLA, SSI

No Cost-of-Living Adjustment for 2016

October 15, 2015 • By

Reading Time: 1 Minute

Last Updated: March 17, 2021

pink piggy bank Social Security’s annual cost-of-living adjustment (COLA) is an increase in the benefit amount people receive each month. By law, the monthly Social Security and SSI federal benefit rate increases when there is a rise in the cost of living. The government measures changes in the cost of living through the Department of Labor’s Consumer Price Index (CPI-W).

The CPI has not risen since the last cost-of-living adjustment in 2015. As a result, your SSI benefit rate and, for most people, your Social Security benefit amount will stay the same in 2016.

This news isn’t necessarily bad. When inflation stays at the same rate, your cost of living also stays the same. Prices for goods and services, on average, haven’t increased enough to affect the COLA.

Other changes that would normally take effect based on changes in the national average wage index also won’t begin in January 2016. Since there is no COLA, the statute also prohibits a change in the maximum amount of earnings subject to the Social Security tax, as well as the retirement earnings test exempt amounts. These amounts will remain unchanged in 2016. The new fact sheet provides more information on 2016 Social Security and SSI changes.

For additional information about the 2016 COLA, go to www.socialsecurity.gov/cola.

For additional information about changes in the national average wage index, go to www.socialsecurity.gov/OACT/COLA/AWI.html.

Did you find this Information helpful?

Yes
No
Thanks for your feedback!

Tags: , , , ,

See Comments

About the Author

Jim Borland, Assistant Deputy Commissioner, Communications

Jim Borland, Assistant Deputy Commissioner, Communications

Comments

  1. alejandrina

    hi how i can print a letter as not employee on 2016

  2. xraioa

    college essay topics
    classification essay topics
    process essay topics http://essaytopicspdf.com

  3. Wes B.

    What a bunch of bureacratic BS the cost of living has risen every year and it’s getting harder and harder to make ends meet If the politivcians would have left it alone and not stolen it and put in the general fund it would have all kinds of money to pay the ones who payed into it all their working lives…If all that money had been in a saving account you paid in you would be living on a good retirement…Look at congress the bastards get a raise every year it’s way past time to take back our country and hang the crooks.

  4. bwradl

    good argumentative essay topics
    process essay topics
    process analysis essay topics http://essaytopicspdf.com

  5. Tom C.

    if you need help to win the lottery just contact this powerfully spell caster {https://oluwajesutemple1.wixsite.com/dr-oluwajesu}

  6. clickbank t.

    Excellent site. Plenty of useful information here. I am sending it to a few buddies ans also sharing in delicious. And naturally, thank you for your effort!

    https://www.youtube.com/watch?v=CIgElN7yueE

  7. joe r.

    Hi my name is Joe and I can’t read or write and I have surgeries on my back and it still not good so I can get a job anywhere and nine need to get a different vehicle or try to get mine back it just costs too much and I can’t afford it. My wife left then my children are gone with their own family so I don’t get much help from my daughter once in a great while one would stop in then I can get them to go through my mail with me and help me with writing things out I don’t have much money to make it through the month so I try to stretch out what I have two worked with I only eat once a day that help some what I was hoping I could find somewhere where I could get extra money every month
    then maybe I could get my grandkids something little for Christmas and her birthday as it is now I can’t do nothing so I whole somebody can find something out there help because the little money I get from disability just don’t cut it. Thank youse for this letter.
    Thank you very much

    • R.F.

      Disabled individuals may be eligible to receive additional assistance from the state where they live. These services include Medicaid, free meals, housekeeping help, transportation or help with other problems. You can get information about services in your area from your state or local social services office. You can also visit the U. S. Department of Health and Human Services web page for more information. We hope this information helps.

  8. Misha E.

    I merely wish to state I am beginner to weblog and really savored you’re site http://password-unlocker.net/office-password-recovery-tools/word-password-unlocker/ . Very likely I’m want to bookmark your website. You definitely feature excellent posts. Thanks a lot for exposing your blog site.

    password-unlocker.net/office-password-recovery-tools/pdf-password-unlocker/

  9. Rickie W.

    I keep listening to the news broadcast lecture about receiving boundless online grant applications so I have been looking around for the most excellent site to get one. Could you advise me please, where could i find some?

    http://www.u5kfASmqGg.com/u5kfASmqGg

  10. Herma F.

    There are some interesting points in time in this article but I don’t know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article , thanks and we want more! Added to FeedBurner as wellyou have a great blog here! would you like to make some invite posts on my blog?

    http://www.ugPBEGR7en.com/ugPBEGR7en

Comments are closed.