The Social Security Administration just announced a 2.8% increase in 2019 benefits for more than 67 million Americans.  The 2.8% cost-of-living adjustment (COLA) is the largest in 7 years and will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019.  Increased payments to more than 8 million Supplemental Security Income (SSI) beneficiaries will begin on December 31, 2018.  The 2019 COLA for those covered in the Federal Employees Retirement System (FERS) will increase by 2% beginning in Januarys 2019.

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