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October 10, 2019: The Social Security Administration has announced the Cost-of-Living Adjustment (COLA) for 2020.  According to www.ssa.gov:

“Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020.

The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019. (Note: some people receive both Social Security and SSI benefits)”

You can add the 1.6% COLA by multiplying the current award amount by 1.016.

For management staff, be sure to apply this COLA to benefits for the appropriate number of months. 


Mrs. Smith would like to move in on December 1, 2019.  Her 2019 gross Social Security monthly amount is $928.  You will calculate her Social Security income as follows:

$928 x 1.016 = $942.85 (2020 monthly amount)

$928 x 1 = $928 (December 2019)

$942.85 x 11 = $10,371.33 (January – November 2020)

$928 + $10,371.33 = $11,299.33 (12 months)

If you have already processed files for move-in for January 2020, it is recommended that you review the household income and apply the COLA to benefits issued by the Social Security Administration since it is a known anticipated change in income.


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