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Social Security, Supplemental Security benefits

New York Teacher

Social Security and Supplemental Security Income benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration has announced.

The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments to more than 8 million Supplemental Security Income beneficiaries will begin on Dec. 31, 2020.