Cost-of-Living Increase and Other Determinations for 2013

A Notice by the Social Security Administration on 10/30/2012

Under title II of the Social Security Act (Act), there will be a 1.7 percent cost-of-living increase in Social Security benefits effective December 2012. As a result of this increase, the following items will increase for 2013:

(1) The maximum Federal Supplemental Security Income (SSI) monthly benefit amounts for 2013 under title XVI of the Act will be $710 for an eligible individual, $1,066 for an eligible individual with an eligible spouse, and $356 for an essential person;

(2) The special benefit amount under title VIII of the Act for certain World War II veterans will be $532.50 for 2013; Continue reading “Cost-of-Living Increase and Other Determinations for 2013”

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