If You're Drawing SS, You Just Got A Raise.

[Diggin It]

COLA increase announced for payments starting in January of 2.8%, supposedly the largest in several years.

SSI also.

 

[atsah]

Yup, I read that..

 

[Tractor Seabee]

Still doesn't catch up we have lost the last 10 years raises less than inflation. Waiting to see what other federal pensions raise next year. Military and civil service have lost ground also as I have both also.

Ron

 

[dragoneggs]

Still doesn't catch up we have lost the last 10 years raises less than inflation. Waiting to see what other federal pensions raise next year. Military and civil service have lost ground also as I have both also.

Ron

Federal pensions are golden compared to the private sector. Some of us have no or little pension from large public companies. Small companies generally have none. Fed employees can generally retire sooner than those who groveled in the private sector because of pensions.

 

[oosik]

I was a gov employee - here in the lower States it would be called county employment. In Alaska it was a borough. Believe me - my meager SS and gov retirements are far from GOLDEN. Thank goodness I have no payments and no thoughts of any major purchases in my future - ever.

However - I do not have to eat dirt - yet. And yes, I will appreciate getting more of the money I kicked in - returned to me.

 

[George2615]

Last year around this time I got a SS adjustment. By December my health insurance premium increased 29% which left less money in my pocket. What a coincidence. Can't wait till Dec. to see what bill goes up to take care of that 2.8%

 

[Diggin It]

Can't wait till Dec. to see what bill goes up to take care of that 2.8%

Everything else already has which is why SS is.

 

[MitchellB]

Yea, last year we got a SS increase and our medicare insurance went up the by same amount, thus the government gave the raise to it's self. We didn't get squat. I expect the same to happen with this increase.

 

[HillStreet]

Yea, last year we got a SS increase and our medicare insurance went up the by same amount, thus the government gave the raise to it's self. We didn't get squat. I expect the same to happen with this increase.

Agreed. I am on SS and it just gets smaller and smaller. One copay and I’m in the red again.

 

[2LaneCruzer]

I was a gov employee - here in the lower States it would be called county employment. In Alaska it was a borough. Believe me - my meager SS and gov retirements are far from GOLDEN. Thank goodness I have no payments and no thoughts of any major purchases in my future - ever.

However - I do not have to eat dirt - yet. And yes, I will appreciate getting more of the money I kicked in - returned to me.

Thank goodness for my SS and state retirement! I spent 18 years with private industry that had no retirement plan during most of that time.