The Social Safety Administration (SSA) offers advantages to disabled people by the Supplemental Safety Earnings (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 sources. 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 share enhance within the Shopper Value Index for City Wage Earners and Clerical Staff (CPI-W) from the third quarter of the previous yr to the third quarter of the present yr. The COLA is utilized to SSI advantages in January of every yr.
