Social Security Recipients Will Get Bigger Checks Next Year

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Depends on your situation

If the company's pension plan where you retired was tied in with social security, the COLA means nothing to you. Your pension is reduced by the amount social security is increased.
But what a break? In your '70's, you can take the social security and go back to work and make an unlimited amount of money and still get the social security checks.
Of course, this sort of defeats the purpose of social security that was meant to be a retirement fund to keep you from starving in your old age.
But don't feel guilty--Richard Fuld, the CEO of Lehman, robbed the investors and took $500 million for himself. If GWB's plan to put your social security money into the stock market had succeeded, you would not have any retirement income from the social security program.
Cola or no cola, be happy he blew your tax dollars on record spending, but not your social security.

HillbillyBill of TN @ Oct 20, 2008 07:26:54 AM

social security raise

I receve 184 in social security how mutch will i get with the new raise

tina mcgranahan of KY @ Oct 19, 2008 19:31:22 PM

social security raise

my wife and I recieve $1828 per month now . How much will we recieve with the new incrase? Thank you

Curtis D Luttrell of AZ @ Oct 18, 2008 16:52:05 PM

COLA

Thinking about taking early social security retirement next year at age 62....
Does the COLA increase my current projected benefit... or is the COLA only for those who currently receive SS ???

PolishPrince of TN @ Oct 18, 2008 08:09:15 AM

Not all

If your company's pension that paid lobbyist's to work the system, then your total income is capped at the pension and when social security is raised, the pension is lowered in the same amount and you get no raise at all.
In fact, you continue to get pay cuts every time inflation increases any amount at all and prices increase for whatever reason.

HillbillyBill of TN @ Oct 18, 2008 06:34:24 AM

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Social Security Recipients Will Get Bigger Checks Next Year

Depends on your situation

social security raise

social security raise

COLA

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Planning to Retire

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Social Security Recipients Will Get Bigger Checks Next Year

Depends on your situation

social security raise

social security raise

COLA

Not all

Planning to Retire

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Money