Cost of Living Adjustment increases 2.8% in 2019, Contribution Base increased to $132,900

With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2019. From Social Security: Social Security Announces 2.8 Percent Benefit Increase for 2019 Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019, the Social Security Administration announced today. The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019. Increased payments to more than 8......(read more)

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