SOCIAL SECURITY CHECKS WILL STAY FLAT

(10/17/2015)

There will be no benefit increase next year for millions of Social Security recipients, disabled veterans and federal retirees, the government officials said Thursday. It's just the third time in 40 years that payments will remain flat. All three times have come since 2010. And there's more bad news. The lack of a benefit increase means that many older people could face higher Medicare costs, an issue that has advocates lobbying Congress. The main reason for no increase next year is low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation. AAA said the average price of a gallon of regular gasoline was $2.30, about 90 cents less than it was a year ago, but the price per gallon remains much higher in parts of the country.

Hur Herald ®from Sunny Cal The information on these pages, to the extent the law allows, remains the exclusive property of Bob Weaver and Dianne Weaver The Hur Herald. All information may be freely used but must not be sold or used in any type of commercial endeavor, or used on any web site without the express permission of the owners ©Bob and Dianne Weaver, The Hur Herald, 1999, 2000, 2001