The Social Security Administration has announced that there will be a 3.6 % increase in the monthly cheques beginning with January 2012. This increase is called FOR MORE CLICK TITLE...a Cost of Living Allowance(COLA) and has been given on an annual basis for many years. It is based on a formula which measures the cost of living. For the past two years(2010 and 2011) there have not been any COLAs for social security receipients. |