DJ6ual - An Irish Girl

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No Social Security (SSI/SSDI) Pay Increase

December 23, 2009

No Social Security increase. Monthly Social Security checks for most beneficiaries will not increase in 2010. Retirement payouts are tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers, which fell between the third quarter of 2008 and the third quarter of 2009. Next year will be the first without a Social Security increase since cost-of-living adjustments went into effect in 1975. (There is a chance of a change, though; several bills to give retirees a raise are being considered by Congress.) The maximum amount of earnings subject to the Social Security tax will also remain the same at $106,800.

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