Employee Benefits-Social Security Announces That There Will Not Be Any Cost-of-Living Increase to Social Security Benefits Or Taxable Wage Base for 2010

According to a press release, Social Security has said that monthly social security and supplemental social security income (SSI) benefits will not increase for 2010. This happens because there was no increase in the Consumer Price Index (CPI-W) from the third quarter of 2008 to the third quarter of 2009.

Also, the social security taxable wage base remains at $106,800 for 2010. A table showing the taxable wage base and other Social Security information is here.