stimulus payment 2009 and future COLA
May 6, 2009 by Guest
I have been told that this stimulus check will result in a suspension of future raises of social security benefits for the following three years, is this true?
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Stimulus payment and future COLA increases
May 6, 2009 by admin
I have seen reports of no cost of living adjustments (COLA) for 2-3 years. However, there is no direct link between COLAs and the 2009 stimulus payment.
It is predicted that inflation will be low for 2-3 years, so COLAs will not be granted. COLAs are required by law when there is inflation. For example, President Obama's budget assumes no inflation-related COLA in 2010 or 2011, then a 1.4 percent COLA in 2012.