Social Security recipients to get tiny increase

Don’t tell that to Millicent Graves, a retired veterinary technician, who says Medicare and supplemental insurance premiums eat up nearly a third of her $929 monthly Social Security payment.

More than 60 million retirees, disabled workers, spouses and children get Social Security benefits.

The COLA also affects benefits for about 4 million disabled veterans, 2.5 million federal retirees and their survivors, and more than 8 million people who get Supplemental Security Income, the disability program for the poor.



Since 2008, the COLA has been above 2 percent only once, in 2011.