I was reading at CNN.com today that they are projecting a Social Security COLA for 2012 too be 4/10 of one percent. Wow-don't even bother with a raise if its going to be that low. That wouldn't be enough to buy a sub at Subway.

lol

I'd get $4.50 a month more......if someone combines with me maybe we could split a $5 footlong and a drink !

I did receive a slight increase from my dissability check. $4 more per month. I have not gotten a $250 this year. Last year there was one. I hope there is another as the cost of living is sure going up. I can't believe how little most people get to live on, even though they worked many years. I for one live without home insurance of any kind on the gulf coast. When I applied for my benefits, I really thought it would be enough to have a life on, but it isn't. ginnie

No Social Security COLA expected for 2011

Oct 10, 9:32 AM (ET)

By STEPHEN OHLEMACHER


WASHINGTON (AP) - As if voters don't have enough to be angry about this election year, the government is expected to announce this week that more than 58 million Social Security recipients will go through another year without an increase in their monthly benefits.

It would mark only the second year without an increase since automatic adjustments for inflation were adopted in 1975. The first year was this year.

"If you're the ruling party, this is not the sort of thing you want to have happening two weeks before an election," said Andrew Biggs, a former deputy commissioner at the Social Security Administration and now a resident scholar at the American Enterprise Institute.

"It's not the congressional Democrats' fault, but that's the way politics works," Biggs said. "A lot of people will feel hostile about it."

The cost-of-living adjustments, or COLAs, are automatically set each year by an inflation measure that was adopted by Congress back in the 1970s. Based on inflation so far this year, the trustees who oversee Social Security project there will be no COLA for 2011.

The projection will be made official on Friday, when the Bureau of Labor Statistics releases inflation estimates for September. The timing couldn't be worse for Democrats as they approach an election in which they are in danger of losing their House majority, and possibly their Senate majority as well.

This past Friday, the same bureau delivered another painful blow to Democrats: The U.S. lost 95,000 jobs in September and unemployment remained stubbornly stuck at 9.6 percent.

Democrats have been working hard to make Social Security an election-year issue, running political ads and holding press conferences to accuse Republicans of plotting to privatize the national retirement program.

This week's announcement about Social Security benefits raises more immediate concerns for older Americans whose savings and home values still haven't recovered from the financial collapse: Many haven't had a raise since January 2009, and they won't be getting one until at least January 2012.

"While people aren't getting COLAs they certainly feel like they're falling further and further behind, particularly in this economy," said David Certner, AARP's legislative policy director. "People are very reliant on Social Security as a major portion of their income and, quite frankly, they have counted on the COLA over the years."

Social Security was the primary source of income for 64 percent of retirees who got benefits in 2008, according to the Social Security Administration. A third relied on Social Security for at least 90 percent of their income.

A little more than 58.7 million people receive Social Security or Supplemental Security Income. The average Social Security benefit is about $1,072 a month.

Social Security recipients got a one-time bonus payment of $250 in the spring of 2009 as part of the government's massive economic recovery package. President Barack Obama lobbied for another one last fall when it became clear seniors wouldn't get an increase in monthly benefit payments in 2010.

Congress took up the issue, but a proposal by Sen. Bernie Sanders died when 12 Democrats and independent Sen. Joe Lieberman of Connecticut joined Senate Republicans to block it. Sen. Olympia Snowe of Maine was the only Republican to support the second bonus payment.

Sanders, I-Vt., said he expects older voters to be angry when they learn there will be no increase for the second straight year.

"I do think there's going to be political fallout," Sanders said. "Many seniors who are spending a lot of money on health care and prescription drugs really are going to find it hard to believe that there has been no inflationary costs to their purchasing needs."

Federal law requires the Social Security Administration to base annual payment increases on the Consumer Price Index for Urban Wage Earners and Clerical Workers, which measures inflation. Officials compare inflation in the third quarter of each year - the months of July, August and September - with the same months in the previous year.

If inflation increases from year to year, Social Security recipients automatically get higher payments, starting in January. If inflation is negative, the payments stay unchanged.

Social Security payments increased by 5.8 percent in 2009, the largest increase in 27 years, after energy prices spiked in 2008.

But energy prices quickly dropped. For example, average gasoline prices topped $4 a gallon in the summer of 2008. But by January 2009, they had fallen below $2. Today, the national average is roughly $2.70 a gallon.

As a result, Social Security recipients got an increase in 2009 that was far larger than actual inflation. However, they won't get another increase until inflation exceeds the level measured in 2008. The Social Security trustees project that will happen next year, resulting in a small increase in benefits for 2012.

Social Security spokesman Mark Lassiter said the agency has no leeway to increase payments if the inflation measurement doesn't call for it.

Rep. Earl Pomeroy, D-N.D., chairman of the Ways and Means subcommittee on Social Security, has introduced a new bill to provide $250 payments to seniors, if there is no increase in Social Security. Maybe, he said, there will be more of an appetite in Congress to pass it after lawmakers hear from voters in November.

"Costs of living are inevitably going up, regardless of what that formula says," Pomeroy said. "Seniors in particular have items such as uncovered drug costs, medical costs, utility increases, and they're on fixed incomes."

I heard the other day that they were thinking and voting on giving us 250.00 this year. I thought I heard a bit on the news last night that they were not giving us any kind of cost of living raise for 2011. I kind of worry a great deal about this.

Did the president, senators, governors, & congressman get a pay raise in 2010? Will they issue themselves another pay raise in 2011?

I worked hard for as long as my disease allowed & actually started working @ 11 years old; now that I NEED HELP I am really feeling LET DOWN by our govenment.

While there will be no COLA in 2011 THEY WILL INCREASE MEDICARE & THE INFAMOUS DONUT HOLE IS GOING TO INCREASE.

I am UNABLE TO WORK - so WITHOUT EXTRA MONEY HOW AM I SUPPOSED TO PAY THESE EXTRA COSTS?

Not the same boat, but maybe the same lake.

I will be getting SSI for the first time in November (assuming the final step goes well).

I have never worked (well, not for more than a few months as a teen) and have not paid any money into social security.

At this point, I am just thankful for any help. SSI is not always intended to be the sole 'income' or money in the household.. I don't know about SSDI. That's why many people on SSI are married and one of them has a part time job.. or a single person on SSI may work a little bit. Supplemental Security Income, not Total Income.

I know that it stinks when the "big guys" get raises and the ones who need it don't. I know all about going without and living paycheck to paycheck. I know all about having to get rid of things to pay for essentials.. or going meals or days without food because the money has run out.

Still, I am grateful for the help I am going to be getting.. and even if it never went up in my lifetime, I would still be grateful. Doesn't mean I wouldn't like it to go up to reflect the higher prices everywhere.. but life isn't always fair in that way and I have learned to accept that.

My mom works for the state and she hasn't gotten a raise in several years. She works full time and pays taxes... yet she doesn't get more money when prices go up either. It's just a fact of life--it's always going to be this way for some people.

The earned income disregard for SSI is $65 per month. After that, SSI stops supplementing $1 for every $2 in gross wages. In other words, earn gross pay of $265 and SSI is $100 less than someone with no earnings. The supplement is reduced.

Yes... so someone could earn $265 in addition to receiving SSI ($574/mo, which is $100 less than the standard), right?

So if a person earned $265, that could mean they worked anywhere from 132.5 hours (when minimum wage is $2/hr) or 36.5 hours if the minimum wage is the federal standard ($7.25/hr). It all depends on where a person lives. But someone who is receiving SSI could still earn $165 a month which would add to the SSI benefit to total $839.

Or, if a person is receiving SSI but is not able to go work outside of the home, he or she could work from home, doing things for income such as caring for a child, editing papers for college students (or typing them, if a student is unable to do so), or making and selling jewelry or other homemade items online.

Unless I am missing something here, that is what it looks like to me.


Edit: Actually, usually SSI doesn't count beyond $85, not $65.

COLAs are based on increases in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). CPI-Ws are calculated on a monthly basis by the Bureau of Labor Statistics.

A COLA effective for December of the current year is equal to the percentage increase (if any) in the average CPI-W for the third quarter of the current year over the average for the third quarter of the last year in which a COLA became effective. If there is an increase, it must be rounded to the nearest tenth of one percent. If there is no increase, or if the rounded increase is zero, there is no COLA.

COLA Computation
The last year in which a COLA became effective was 2008. Therefore the law requires that we use the average CPI-W for the third quarter of 2008 as the base from which we measure the increase (if any) in the average CPI-W.

http://www.ssa.gov/OACT/COLA/latestCOLA.html