U.S. Social Safety Administration Commissioner Frank Bisignano pushes again at Sen. Elizabeth Warren’s transparency allegations and discusses the specter of insolvency on ‘Mornings with Maria.’
Tens of thousands and thousands of seniors might have to attend longer to learn how a lot their Social Safety checks will rise subsequent 12 months.
The Social Safety Administration (SSA) is predicted to announce the 2026 cost-of-living adjustment (COLA) on Oct. 15, the identical day the Bureau of Labor Statistics (BLS) deliberate to launch September’s inflation knowledge. However with most BLS staff furloughed amid the federal government shutdown, financial experiences — together with the inflation replace — might be delayed, USA Immediately reported.
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The SSA can not calculate the annual COLA with out the inflation report, based on USA Immediately.
FILE PHOTO: An indication for the Social Safety Administration is pictured right here. (Jeffrey Greenberg/Schooling Photographs/Common Photographs Group by way of Getty Photographs / Getty Photographs)
Though the COLA announcement could also be delayed, Social Safety funds will proceed as ordinary, since its funding will not be tied to Congress’ annual funds course of, based on USA Immediately.
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“A government shutdown could potentially delay an announcement of the COLA, but remember, the data is for September and that has already been collected,” Mary Johnson, an impartial Social Safety and Medicare coverage analyst, advised USA Immediately.
The U.S. Capitol is seen at daybreak on July 1, 2025, in Washington, DC. (Al Drago/Getty Photographs / Getty Photographs)
The one time a COLA announcement has been delayed was in October 2013, based on USA Immediately.
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Final month, the Senior Residents League (TSCL) estimated that the Social Safety COLA can be 2.7% when it’s unveiled in mid-October. That will elevate the typical month-to-month profit for retired employees by $54 from $2,008 to $2,062.
A Social Safety card is pictured subsequent to cash. Social Safety’s COLA is used to regulate the quantities paid to beneficiaries to account for inflation pushing costs increased. (Getty Photographs/iStock / Getty Photographs)
Social Safety’s COLA is used to regulate the quantities paid to beneficiaries to account for inflation pushing costs increased. The COLA for 2025 was 2.5% and took impact at the beginning of the 12 months.
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The Social Safety Administration didn’t instantly reply to FOX Enterprise’ request for remark.
FOX Enterprise’ Eric Revell contributed to this report.
