2.6% Raise for Social Security, SSI Recipients

Associated Press

The 47 million recipients of Social Security and Supplemental Security Income benefits will get a 2.6% cost-of-living increase in 1996, second smallest in 21 years.

Social Security Commissioner Shirley S. Chater announced Friday that monthly Social Security checks will average $720 in 1996, up from $702 this year. The maximum SSI payment will rise from $458 to $470 for an individual, and from $687 to $705 for a couple.

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