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Inflation has hurt senior Americans especially hard this year and tomorrow (10-13/2022) they'll know how just much their 2023 social security cost of living adjustment (COLA) will be. A.M.A.C. Foundation Social Security expert Russell Gloor says no matter what it is --- it's not enough.
The Social Security Administration has issued a notice, published in the Federal Register on Oct. 22, 2021, entitled "Cost-of-Living Increase and Other Determinations for 2022". The notice was issued by Faye I. Lipsky, Federal Register Liaison, Office of Legislation and Congressional Affairs, Social Security Administration. Under title II of the Social...
1. Cost of Living Increase – Legal Notice 468 of 2021: This Legal Notice establishes the Cost of Living Increase for 2021, previously announced by the Government in the financial estimates. Therefore, the wages of whole-time employees have, as of 1st January 2021, been increased by €1.75 per week (or pro rata for part-time employees). 2. Minimum Wages – Legal Notice 469 of 2020: This Legal Notice amends the minimum wages stipulated in the sector-specific Wage Regulation Orders as from the 1st of January 2021, reflecting the Cost of Living Increase. 3. Public Holidays and Vacation ...