Under title II of the Social Security Act (Act), there will be a 2.0 percent cost-of-living increase in Social Security benefits effective December 2017. In addition, the national average wage index for 2016 is $48,664.73. The cost-of-living increase and national average wage index affect other program parameters as described below.
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Cost-of-Living Increase and Other Determinations for 2018
Under title II of the Social Security Act (Act), there will be a 2.0 percent cost-of-living increase in Social Security benefits effective December 2017. In addition, the nation...
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82 FR 50209
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“Cost-of-Living Increase and Other Determinations for 2018,” thefederalregister.org (October 30, 2017), https://thefederalregister.org/documents/2017-23522/cost-of-living-increase-and-other-determinations-for-2018.