Tag: Agency
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Agency increases payments for retirees and beneficiaries
Social Security recipients can expect a 2.5% cost-of-living adjustment (COLA) increase in their payments starting in 2025 amid cooling inflation. It’s the smallest increase since 2021. The amount equates to a top-line figure of approximately $48 more per month, with check amounts rising from $1,920 to $1,968. On Thursday, the Bureau of Labor Statistics reported…