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Automatic Increases
COLA Determination
COLA History
COLA effect on
Social Security retirement benefits
Calculation of retirement benefits
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The automatic cost-of-living adjustment (COLA) for
December 2007 is 2.3 percent. The COLA is first payable
in January 2008.
The table below provides estimated average benefits for
those in current-payment status at the end of December 2007 for selected
types of beneficiaries or families.
Estimated effect of 2.3-percent COLA on
average benefits
at the end of December 2007
| Type of benefit or family |
Before
2.3% COLA |
After
2.3% COLA |
Increase |
| Benefit type |
All retired workers |
$1,055 |
$1,079 |
$24 |
| All disabled workers |
981 |
1,004 |
23 |
| Family type |
Aged couple |
1,722 |
1,761 |
39 |
| Surviving child(ren) onlya |
916 |
937 |
21 |
| Widowed mother and 2 children |
2,192 |
2,243 |
51 |
| Aged widow(er) alone |
1,017 |
1,041 |
24 |
| Disabled worker, spouse, and one or more children |
1,652 |
1,690 |
38 |
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a Family with one or more children excludes surviving parent or guardian who
is ineligible to receive benefits.
Note: The above estimates are based on actual benefit data
through September 2007. |
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www.socialsecurity.gov
