Social Security Disability COLA set by the Social Security Administration
The Social Security Administration has set a Social Security Disability COLA and other monthly benefit recipient. This not only includes retirees, but also SSD and SSI recipients. Unfortunately, the COLA amount is just .3%. The 0.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 60 million Social Security beneficiaries in January 2017. Increased payments to more than 8 million SSI beneficiaries will begin on December 30, 2016. The Social Security Act ties the annual COLA to the…