The federal government announced on October 22, 2014 that the Social Security Cost of Live Adjustment (COLA) for 2015 will be 1.7%. This will increase the monthly pension for the average retired worker by $22 per month. This is up from the 2014 increase of 1.5%, but less than the 3.6% increase of 2102. Owners and managers of properties that are required to determine the income of residents should use the 1.7% increase when projecting the income of applicants and residents. Payments will begin in January and will also affect persons receiving SSI, VA pensions, Civil Service Pensions and Railroad Retirement. Back to news