THE BARE STORY
The Social Security Administration said Wednesday that Social Security and Supplemental Security Income benefits will increase by 3.6% in 2027, the largest annual cost-of-living adjustment since 2023.
The increase will take effect in January for Social Security recipients and on Dec. 31, 2026, for Supplemental Security Income recipients. The agency said the adjustment will raise average Social Security retirement payments by about $75 a month.
The annual adjustment follows inflation data released for September and is intended to help benefits keep pace with higher prices. The 2027 increase follows a 2.8% adjustment in 2026.
The agency said recipients will be able to view personalized benefit notices online beginning in late November, while mailed notices are expected in December. Medicare trustees project that the standard monthly Part B premium will rise from $202.90 in 2026 to $209.50 in 2027, which could reduce the net increase for beneficiaries whose premiums are deducted from their Social Security payments.
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