No Cost-of-Living Adjustment for 2016
Reading Time: 1 MinuteLast Updated: March 17, 2021
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.
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Tags: Cost of living adjustment, Disability, Medicare, SSA, SSI
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Jim Borland, Assistant Deputy Commissioner, Communications
Jim Borland, Assistant Deputy Commissioner, Communications
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Rojar
This is such total baloney!!!! The idiots who come up with this excuse that the cost of living has remained the same should all have to live on what the majority of elderly have to live on in this country as the prices of medical care, (yes, President Obama…MEDICAL care) food and many more necessities have increased. We did what we were supposed to do to so we didn’t have to worry about a secure retirement only to have so much taken from us because the government screwed up royally so many times leaving many of us without retirement funds we worked for to say nothing of losing our homes to the greedy and unscrupulous men and women with the power they misused to the detriment of so many.
Everyone knows that these statistics used to make this decision can be manipulated to “prove” whatever they want or whatever they are PAID to “prove”. The whole lot who “lead” this country need to be fired! Can’t we find at least a few honest people who aren’t in the political arena only for their own self interest. I wouldn’t trust one politician as far as I can throw him/her!!!
This decision is an insult!!!
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My apologies. I meant I haven’t lived in an apartment in over 40 years. Typing with arthritic hands is a challenge.
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I don’t know if I am supposed to get help for paying rent. In April of 2018, my “landlord” raised my monthly rent from $975 per month to $1150 per month, to remain on a 1 year lease. It’s $1250 a month just to be on a “month to month” basis. For that kind of money, I want a swimming pool, a jacuzzi and so on and so forth, that you get in apartment living. I haven’t lived in an apartment in better that 50 years, but that is looking better and better.So a little help from Soc. Sec. would be helpful. I’ll try and look into that.
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Dennis M.
It has come to my awareness that my SSI benefits will be reduced from 750.00 Dollars to 500.00 Dollars starting in August Payment. due to ” It is believed that I don’t pay rent”. This is incorrect! From January 1 , 2018 – May 1, 2018 I was residing at the Birch Assisted Living in Greeley, Colorado. Paying a total of 692.00 Dollars per Month for rent. On May 1, 2018 I returned to my original Apartment in FortCollins, Colorado. My rent was 455.00 Dollars per month. In June of 2018, I signed a new lease with a rent increase from $455.00- $477.50 per month. Since I have been getting SSI payments, I have always payed monthly rent and also utilities. PLEASE do not reduce any part of my SSI for this would be a great burden on me. I just completed a redetermination meeting with Social Security and everything was fine. So, what is the issue involved now? Please respond back to me ASAP 970-391-1624 or by EMAIL- dmsisson54@yahoo.com Dennis M Sisson
A.C.
We wish we could be more help, Dennis, but for security reasons, we do not have access to personal information in this venue. We ask that members in our blog community continue to work with their local office on specific questions about their case. You can also call our toll-free number at 1-800-772-1213 for assistance. Representatives are available between 7 a.m. and 7 p.m., Monday through Friday but you will generally have a shorter wait time if you call later in the day. Just a reminder – please be cautious about posting personal information on social media. We hope this is resolved soon.
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Linda S.
Can you send me a copy of my original “Your New Benefit Amount” of increase or not of my 2016 “Rise in the cost of living.”
Please send my email. Letting me know you received this.
R.F.
Hi Linda, if you need proof you get Social Security benefits, Supplemental Security (SSI) Income or Medicare, you can request a benefit verification letter online by using your personal my Social Security account. Thanks!
alejandrina
i need to show that i have not working on 2016
R.F.
Hi Alejandrina! Your Social Security Statement provides a record of your earnings, including the years you worked. You can get your personal Social Security Statement online by using your personal my Social Security account. We hope this helps.