Cost-of-Living Adjustment for Social Security

English: In the United States, Social Security...

English: In the United States, Social Security benefits by gender and wage levels. According to author Joseph Fried, this graphic uses information from: C. Eugene Steuerle and Adam Carasso, “The USA Today Lifetime Social Security and Medicare Benefits Calculator,” (Urban Institute, October 1, 2004), from: http://www.urban.org/publications/900746.html. Note: The calculator does not include the value or cost of the Social Security disability program. (Photo credit: Wikipedia)

     Social Security Disability and SSI recipients will see a 1.5% increase in benefits for the cost-of-living adjustment (COLA) starting in January of 2014.  The COLA is based on the Consumer Price Index from the third quarter of the current year.  The COLA affects many important aspects of the Social Security Disability and SSI program besides the actual amount of benefits paid to claimants.  For instance, the amount of earnings necessary to earn a quarter of coverage (QC) increases from $1,160.00 to $1,200.00 and the tax exempt amount of retirement earnings also adjust.  Other important issues/numbers are:

Substantial Gainful Activity (SGA):

            Non-blind:      2013:  $1,040.00                     2014:  $1,070.00

            Blind:              2013:  $1,740.00                     2014:  $1,800.00

 Trial Work Period (TWP)

                                    2013:  $750.00 per month      2014:  $770.00 per month

 SSI:

            Individual:      2013:  $710.00 per month      2014:  $721.00 per month

            Couple:           2013:  $1,066.00 per month   2014:  $1,082.00 per month

      If you need more information about a Social Security Disability/SSI matter, personal injury matter (car wreck, boating accident, slip and fall, etc.), EEOICPA claim, long or short-term disability, VA disability, Railroad Retirement Board disability, or a workers compensation matter, please contact the Law Offices of Tony Farmer and John Dreiser for a free case evaluation.  We can be reached at (865) 584-1211 or (800) 806-4611, through Facebook, or through our website.  Our office handles claims throughout East Tennessee, including Knoxville, ChattanoogaKingsport, Bristol, Johnson City, Morristown, Maryville, Rogersville, Dandridge, Tazewell, New Tazewell, Jefferson City, Strawberry Plains, Sevierville, Gatlinburg, Loudon, Kingston, Halls, Maynardville, Crossville, Cookeville, Jamestown, Sweetwater, Lenoir City, Athens, Oak Ridge, Clinton, LaFollette, Lake City, Jacksboro, Bean Station, Cosby, Newport, White Pine, Mosheim, Wartburg, Sunbright, Pigeon Forge, and Deer Lodge.

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About farmerdreiser

Based in Knoxville, Tennessee, The Law Offices of Tony Farmer and John Dreiser provide comprehensive representation to injured victims throughout eastern Tennessee in personal injury, Social Security disability, and workers' compensation cases.
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