Skip to main content
* NOTE: Terms of Service Updated 21 Feb 2018

U.S. Social Security Payment Increase for 2012

  • Published: 2011-10-19 (Revised/Updated 2012-09-21) : Social Security.
  • Synopsis: U.S. Social Security and Supplemental Security Income benefits will increase 3.6 percent in 2012.

Main Document

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 60 million Americans will increase 3.6 percent in 2012, the Social Security Administration announced today.

The Social Security monthly payment for the average retired worker will go from $1,186 in 2011 to $1,229 in 2012 an increase of $43, according to the announcement Wednesday.

The 3.6 percent cost-of-living adjustment (COLA) will begin with benefits that nearly 55 million Social Security beneficiaries receive in January 2012.

Increased payments to more than 8 million SSI beneficiaries will begin on December 30, 2011.

Some other changes that take effect in January of each year are based on the increase in average wages.

For some beneficiaries, their Social Security increase may be partially or completely offset by increases in Medicare premiums.

Most senior citizens will have to wait until next week, when Medicare announces the cost of Medicare Part B for 2012, to determine their net income from the COLA boost.

Of the estimated 161 million workers in the United States who will pay Social Security taxes in 2012, about 10 million will pay higher taxes as a result of the increase in the taxable maximum. Social Security tax (taxable maximum) will increase to $110,100 from $106,800.

The Social Security Act provides for how the COLA is calculated. To read more, please visit www.socialsecurity.gov/cola

Information about Medicare changes for 2012, when announced, will be available at www.Medicare.gov

Similar Topics

1 : US-Born Workers Receive Disability Benefits More Often Than Workers From Abroad : University of Chicago Medical Center.
2 : 2018 COLA - 3rd Year With No Net Growth in Social Security Benefits : The Senior Citizens League.
3 : Social Security Announces 2% COLA Benefit Increase for 2018 : The United States Social Security Administration.
4 : Social Security Task Force Statement on H.R. 2792 : CCD Social Security Task Force.
5 : Social Security COLA Forecast For 2018 is 1.8 Percent : The Senior Citizens League.
From our U.S. Social Security section - Full List (168 Items)

Submit disability news, coming events, as well as assistive technology product news and reviews.


Loan Information for low income singles, families, seniors and disabled. Includes home, vehicle and personal loans.


Famous People with Disabilities - Well known people with disabilities and conditions who contributed to society.


List of awareness ribbon colors and their meaning. Also see our calendar of awareness dates.


Blood Pressure Chart - What should your blood pressure be, and information on blood group types/compatibility.





1 : Early Childhood Education Needs to be Accessible and Affordable
2 : How the Human Brain Can Tell Our Arms and Legs Apart
3 : Protein Levels in Spinal Fluid Correlate to Posture and Gait Difficulty in Parkinson's Disease
4 : Palliative Care Findings on Caregiver Depression, LGBT Partners, Moral Distress

Citation


Disclaimer: This site does not employ and is not overseen by medical professionals. Content on Disabled World is not intended to be a substitute for professional medical advice, diagnosis, or treatment. Always seek the advice of a physician or other qualified health provider with any questions you may have regarding a medical condition. See our Terms of Service for more information.

Reporting Errors: Disabled World is an independent website, your assistance in reporting outdated or inaccurate information is appreciated. If you find an error please let us know.