The Herald Bulletin

Morning Update

Nation & World

October 13, 2013

Social Security raise to be among lowest in years

WASHINGTON — For the second straight year, millions of Social Security recipients, disabled veterans and federal retirees can expect historically small increases in their benefits come January.

Preliminary figures suggest a benefit increase of roughly 1.5 percent, which would be among the smallest since automatic increases were adopted in 1975, according to an analysis by The Associated Press.

Next year's raise will be small because consumer prices, as measured by the government, haven't gone up much in the past year.

The exact size of the cost-of-living adjustment, or COLA, won't be known until the Labor Department releases the inflation report for September. That was supposed to happen Wednesday, but the report was delayed indefinitely because of the partial government shutdown.

The COLA is usually announced in October to give Social Security and other benefit programs time to adjust January payments. The Social Security Administration has given no indication that raises would be delayed because of the shutdown, but advocates for seniors said the uncertainty was unwelcome.

Social Security benefits have continued during the shutdown.

More than one-fifth of the country is waiting for the news.

Nearly 58 million retirees, disabled workers, spouses and children get Social Security benefits. The average monthly payment is $1,162. A 1.5 percent raise would increase the typical monthly payment by about $17.

The COLA also affects benefits for more than 3 million disabled veterans, about 2.5 million federal retirees and their survivors, and more than 8 million people who get Supplemental Security Income, the disability program for the poor.

Automatic COLAs were adopted so that benefits for people on fixed incomes would keep up with rising prices. Many seniors, however, complain that the COLA sometimes falls short, leaving them little wiggle room.

David Waugh of Bethesda, Md., said he can handle one small COLA but several in a row make it hard to plan for unexpected expenses.

Text Only
Nation & World
  • Boston police safely blow up suspicious backpacks

    Survivors, first responders and relatives of those killed in the Boston Marathon bombing marked the anniversary Tuesday with tributes that combined sorrow over the loss of innocent victims with pride over the city's resilience in the face of a terror attack.

    April 16, 2014

  • 292 missing, 4 dead in South Korea ferry disaster

    A ferry carrying 459 people, mostly high school students on an overnight trip to a tourist island, sank off South Korea's southern coast on Wednesday, leaving nearly 300 people missing despite a frantic, hours-long rescue by dozens of ships and helicopters. At least four people were confirmed dead and 55 injured.

    April 16, 2014

  • GM sales eyed for impact of ignition switch recall

    As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.

    April 15, 2014

  • Solemn tributes mark Boston Marathon bombing

    Survivors, first responders and family members of those killed in the Boston Marathon bombing marked the anniversary Tuesday with tributes that combined sorrow over the loss of innocent victims with pride over Boston's resilience in the face of a terror attack.

    April 15, 2014

  • First women move to Army platoon artillery jobs

     Under a canopy of trees on the edge of a large field, soldiers from Bravo Battery are lying in a circle as they pore over targeting charts. Nearby, others are preparing the howitzer cannons as helicopters swoop overhead. At the edge of the circle, the platoon leader watches as the field artillerymen go through their training exercise.

    April 15, 2014

  • Russia tests Obama's ability to stop its advances

     With the White House asserting that Russia is stoking instability in eastern Ukraine, President Barack Obama is once again faced with the complicated reality of following through on his tough warnings against overseas provocations.

    April 15, 2014

  • Malaysia jet search area too deep for submarine

    The search area for the missing Malaysian jet has proved too deep for a robotic submarine which was hauled back to the surface of the Indian Ocean less than half way through its first seabed hunt for wreckage and the all-important black boxes, authorities said on Tuesday.

    April 14, 2014

  • Rocket leak delays space station delivery launch

    A space station cargo ship will remain Earthbound for a while longer because of a rocket leak.

    April 14, 2014

  • Whitefish shortage causing Passover meal problems

    A shortage of whitefish in the Great Lakes region resulting partly from the winter deep freeze is coming at an inconvenient time for Jewish families: the Passover holiday, when demand is high because it's a key ingredient in a traditional recipe.

    April 14, 2014

  • Post, Guardian win Pulitzers for NSA revelations

    The Washington Post and The Guardian won the Pulitzer Prize in public service Monday for revealing the U.S. government's sweeping surveillance efforts in stories based on thousands of secret documents handed over by National Security Agency leaker Edward Snowden.

    April 14, 2014