Under title II of the Social Security Act (Act), there will be a 2.8 percent cost-of-living increase in Social Security benefits effective December 2018. In addition, the national average wage index for 2017 is $50,321.89. 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 2019
Under title II of the Social Security Act (Act), there will be a 2.8 percent cost-of-living increase in Social Security benefits effective December 2018. In addition, the nation...
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83 FR 53702
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“Cost-of-Living Increase and Other Determinations for 2019,” thefederalregister.org (October 24, 2018), https://thefederalregister.org/documents/2018-23193/cost-of-living-increase-and-other-determinations-for-2019.