Social Security Announces 5.8 Percent Benefit Increase for 2009

Monthly Social Security and Supplemental Security Income benefits for more than 55 million Americans will increase 5.8 percent in 2009, the Social Security Administration announced Thursday. The 5.8 percent increase is the largest since 1982.

Social Security and Supplemental Security Income benefits increase automatically each year based on the rise in the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), from the third quarter of the prior year to the corresponding period of the current year. This year's increase in the CPI-W was 5.8 percent.

The 5.8 percent Cost-of-Living Adjustment (COLA) will begin with benefits that over 50 million Social Security beneficiaries receive in January 2009. Increased payments to more than 7 million Supplemental Security Income beneficiaries will begin on December 31.
Some other changes that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $106,800 from $102,000. Of the estimated 164 million workers who will pay Social Security taxes in 2009, about 11 million will pay higher taxes as a result of the increase in the taxable maximum.

Information about Medicare changes for 2009 can be found at

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  • by karen griffin Location: nicholasville on Mar 17, 2009 at 03:41 PM
    the biggest pay raise in ssi and social security since 1982. yeah thts right lets not for get with that big big monnnney hike.lets just say for instance you got 20dollars a mnth in that big raise and if you received food stamps they took all of it right back except 3 lousy that made the biggest raise since 82 a whooping 36 ddddddddollars a year.for once some body out there tell the truth and stop all the miss to go it makes me sick.
  • by christy Location: middleburg ky 42541 on Jan 27, 2009 at 03:58 AM
    although the increase in s.s. disability was greatly appreciated having to wait 24 months before eligible for medicare benifits seems unfair if your disabled you should automaticly eligible for the insurance. can someone explain the logic in that. this issue needs to be reformed immediately disabled people cant get help with medical cost which is greatly needed.
  • by Jason on Oct 16, 2008 at 01:48 PM
  • by Gail Location: Berea, Ky. on Oct 16, 2008 at 09:23 AM
    The Social Security increase sounds great. However, we'll have to wait and see what the increased cost of MC Part B will eat up. It usually equals the SS increase.
  • by Chris Location: Hazard on Oct 16, 2008 at 07:06 AM
    God knows they need a raise after what these republican policies have done to them.


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