Social Security Disability Insurance (SSDI) – 2018 Cost-of-Living Adjustment (COLA)

In October of 2017, the government announced information important to Social Security Disability Insurance (SSDI) and SSI recipients, as well as Social Security retirees. Social Security Disability Insurance (SSDI) and SSI recipients will see a 2.0% increase in benefits for the cost-of-living adjustment (COLA) starting in January of 2018. The COLA is based on the Consumer Price Index (CPI) from the third quarter of the current year. The COLA affects many important aspects of the Social Security Disability Insurance (SSDI) and SSI programs besides the actual amount of benefits paid to claimants. The COLA was put into place in 1975.

Over the last eight years, most of the SSA COLA’s have been very small or even zero.

Social Security Cost-Of-Living Adjustments
Year COLA 1975  8.0 1976  6.4 1977  5.9 1978  6.5 1979  9.9 1980  14.3 1981  11.2 1982  7.4 1983  3.5 1984  3.5 1985  3.1 1986  1.3 1987  4.2 1988  4.0 1989  4.7	Year COLA 1990  5.4 1991  3.7 1992  3.0 1993  2.6 1994  2.8 1995  2.6 1996  2.9 1997  2.1 1998  1.3 1999  2.5 2000  3.5 2001  2.6 2002  1.4 2003  2.1 2004  2.7	Year COLA 2005  4.1 2006  3.3 2007  2.3 2008  5.8 2009  0.0 2010  0.0 2011  3.6 2012  1.7 2013  1.5 2014  1.7 2015  0.0 2016  0.3 2017  2.0

If you need more information about a Social Security Disability/SSI, personal injury, EEOICPA, long or short-term disability, Railroad Retirement Board disability, or a workers compensation matter, please contact the Law Offices of Tony Farmer and John Dreiser for a free case evaluation. We can be reached at (865) 584-1211 or (800) 806-4611 or through our website.