2011 Social Security COLA & Substatial Gainful Activity

2011 Social Security COLA and Substantial Gainful Activity The Social Security Administration announced that there will be no Cost of Living Adjustment (COLA) for Social Security recipients for 2011. A COLA is determined by the increase of the Consumer Price Index from the third quarter of the last year a COLA was determined (2008) to the current year (2010). There was no increase in that period and, therefore, there will be no increase in Social Security benefits. The COLA increase in Social Security benefits determines the increase in the Substantial Gainful Activity (SGA) amount. Since there was no COLA determined for 2011, the SGA amount will remain at $1,640. The amount for the Trial Work Period remains at the 2010 level of $720.

 

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