The Social Safety Administration (SSA) offers advantages to disabled people by the Supplemental Safety Revenue (SSI) program. SSI advantages are paid in month-to-month installments, and the quantity of the profit is predicated on the person’s earnings and assets. The SSI program is funded by common tax revenues, and the profit quantities are adjusted annually to maintain tempo with inflation.
The fee-of-living adjustment (COLA) for SSI advantages is decided by the proportion improve within the Shopper Value Index for City Wage Earners and Clerical Employees (CPI-W) from the third quarter of the previous 12 months to the third quarter of the present 12 months. The COLA is utilized to SSI advantages in January of every 12 months.
