What is a COLA?
Legislation enacted in 1973 provides for cost-of-living adjustments, or COLAs. With COLAs, Social Security and Supplemental Security Income (SSI) benefits keep pace with inflation.
Latest COLA
The latest COLA is 2.8 percent for Social Security benefits and SSI payments. Social Security benefits will increase by 2.8 percent beginning with the December 2018 benefits, which are payable in January 2019. Federal SSI payment levels will also increase by 2.8 percent effective for payments made for January 2019. Because the normal SSI payment date is the first of the month and January 1 is a holiday, the SSI payments for January are always made at the end of the previous December.
https://www.ssa.gov/oact/cola/latestCOLA.html
No one votes on the COLA’s - they’re determined by the numbers - inflation adjusted by however Social Security adjusts them......
The rise in my Supplemental Part B always outstrips my extra SS money.
It is past time that the crooks in DC pay back the monies they pilfered form our Social Security monies.
Federal budget info/details here
https://www.congress.gov/resources/display/content/Appropriations+for+Fiscal+Year+2019
No idea - but any SS “Raises” usually just about cover Medicare hikes...