Cost Of Living Adjustment On Its Way!
Oct. 22, 2014
The Social Security Administration announced today that the cost-of-living adjustment (COLA) for 2015 will be 1.7%. This means that for individuals receiving monthly Social Security benefits or SSI benefits, the increase will be reflected in the benefits received beginning in January 2015. The 1.7% increase is in line with the annual rate of inflation for 2014. http://www.socialsecurity.gov/news/#!/post/10-2014-2
The increase means that the average retired worker’s benefit will increase by $22 a month. The maximum benefit payable under the SSI program will increase by approximately $12 a month.
As a frame of reference, the COLA for 2014 was 1.5%.
Slightly over 70 million people receive some type of benefit from the Social Security Administration. Approximately 42.6 million of these individuals are age 65 or older. Nearly 14.3 million people under the age of 65 receive a disability related benefit from the Social Security Administration.
At Cutter Hall Karlock, LLC, we focus exclusively on the representation of individual seeking to establish disability with the Social Security Administration. Claims are handled personally by our attorneys, and we represent individuals from the initial filing of claims all the way through appeal to Federal Court.
If you or someone you know are in need of information or assistance regarding a Social Security disability claim, please contact us. We have office conveniently located in Columbus. You will be scheduled for a consultation directly with one of our attorneys.
Our LEAST experienced attorney has over 17 years of experience handling Social Security disability matters. Contact us to learn how we can help in the most important disability claim out there… YOURS.