Social Security, Social Security Disability and Supplemental Security Income benefits will increase in 2015 due to a 1.7% Cost of Living Adjustment. This translates to a monthly increase of approximately $12-19 for SSI and SSDI recipients. Individuals collecting SSI will see the increase begin on December 31, 2014 while other Social Security recipients will see the increase in their January 2015 checks.
Wisconsin residents who receive Social Security benefits may have heard that today the government announced that recipients will receive small raises beginning in January. The 1.7 percent increase is a cost-of-living adjustment and it will average out to about $19 in monthly income per Social Security recipient.
After two years with no increase in the cost of living adjustments for Social Security Recipients, Social Security and Supplemental Security Income benefits will increase 3.6 percent as of January 2012.