The Social Security Administration (SSA) has announced a 5.9% cost-of-living adjustment (COLA) for 2023. This means that Social Security benefits will increase by an average of $140 per month, from $1,681 to $1,821. The COLA is designed to help Social Security beneficiaries keep up with the rising cost of living. The SSA calculates the COLA by measuring the… Read More »
The question of whether state employees will receive a raise in 2025 is a topic of significant importance, with far-reaching implications for both the employees and the state government as a whole. One of the primary benefits of providing state employees with a raise is the potential to attract and retain a highly skilled and qualified workforce. In… Read More »
The Social Security Administration (SSA) has not yet announced whether SSI will get a raise in 2025. The SSA typically announces cost-of-living adjustments (COLAs) for Social Security benefits in October of the preceding year. The COLA for 2023 was 8.7%, the largest increase in 40 years. The COLA is based on the Consumer Price Index for Urban Wage… Read More »
The question of whether federal retirees will receive a raise in 2025 is a topic of significant importance for many individuals. Federal retirees rely on their pensions as a primary source of income during their retirement years, and any changes to their benefits can have a substantial impact on their financial security. There are several factors that could… Read More »
The military pay raise for 2025 is a cost-of-living adjustment (COLA) that will increase the basic pay of all active-duty and reserve military members by 4.6%. The raise is intended to offset the rising cost of living and ensure that military members can maintain a standard of living commensurate with their service to the nation. The military pay… Read More »
The 2025 pay raise for military retirees is a cost-of-living adjustment (COLA) that will increase the monthly retirement pay of all military retirees by 1.3%. This COLA is based on the increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from September 2023 to September 2024. The CPI-W is a measure of inflation… Read More »
The VA disability raise for 2025 is a cost-of-living adjustment (COLA) that will increase the monthly benefits paid to veterans with service-connected disabilities. The COLA is based on the increase in the Consumer Price Index (CPI), which measures the average change in prices for goods and services purchased by urban wage earners and clerical workers. The CPI is… Read More »
The Social Security Administration (SSA) has announced a 5.9% cost-of-living adjustment (COLA) for 2023. This means that Social Security benefits will increase by an average of $140 per month for retired workers, $119 per month for disabled workers, and $20 per month for Supplemental Security Income (SSI) beneficiaries. The COLA is designed to help beneficiaries keep up with… Read More »
The federal employee raise for 2025 is a highly anticipated event that will impact the salaries of millions of federal workers. The raise is typically determined through a combination of factors, including inflation, economic conditions, and the government’s budget priorities. The federal employee raise for 2025 is important for a number of reasons. First, it helps to ensure… Read More »
SSI is getting a raise for 2025. Supplemental Security Income (SSI) is a federal income supplement program funded by general tax revenues (not Social Security taxes). It provides monthly cash payments to low-income people who are aged, blind, or disabled. The Social Security Administration (SSA) administers the program. The SSA announced in October 2022 that SSI benefits would… Read More »