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Thursday, May 7, 2009

No rise in Social Security benefits in 2010


Social Security recipients will not get any increase in their benefits next year for the first time in more than three decades because federal forecasts do not anticipate the cost of living will rise enough to warrant a bump in benefits. If there is no cost-of-living adjustment for Social Security, about one-quarter of beneficiaries could face substantial increases in their premiums for doctors’ services and drug coverage under Medicare.

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