Veterans benefits and social security COLA announced
The Social Security Administration (SSA) announced on October 11th that Social Security benefits will receive a 2.8 percent cost-of-living adjustment (COLA) increase starting in 2019. This is the biggest increase in benefits since 2012. SSA's COLA serves as a baseline for other federal benefit increases that must be authorized annually. Specifically, Congress passed legislation in September authorizing a parallel increase in veterans' disability compensation and military retirement benefits that was signed into law by the President on October 9th.
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