Unemployment Insurance/Social Security

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Social Security benefits to increase by 3.6% for 2012; first COLA in three years

For the first time in three years, Social Security beneficiaries will receive a cost-of-living adjustment in their benefits for 2012. The 3.6% increase will benefit the more than 60 million Americans who receive monthly Social Security and Supplemental Security Income (SSI) benefits. This follows two years of no increase due to a 2.1% decline in the Consumer Price Index (CPI) from the third quarter of 2008 to the third quarter of 2009, and the absence of an increase from the third quarter of 2009 to the third quarter of 2010 that “catches up” to where the CPI was at its high point in the third quarter of 2008. The increase from the third quarter of 2009 to the third quarter of 2010 was only 1.5%. However, an increase of 4.2% over the past year enabled the CPI to rise above its third quarter 2008 level. The prior two years have been the only years in which there has been no COLA increase since 1975, when Social Security benefits became indexed to increases in the Consumer Price Index.

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Unemployment Insurance/Social Security News & Information

News Feeds
Unemployment Insurance with Social Security
	Utah sets its 2012 contribution rates, maximum weekly benefit amount
	South Dakota sets its 2012 contribution rates
	South Carolina sets its 2012 contribution rates
CCH News
	CCH issues new white paper on WARN Act obligations
	Absenteeism survey finds most employees call in “sick” for reasons other than illness

Top Sellers Social Security Benefits Including Medicare Provides an overview of the complex rules relating to Social Security retirement, survivors and disability benefits, as well as Medicare benefits. Learn More »

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