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By The Canadian Press
WASHINGTON — Tens of millions of Social Security recipients and other retirees will get a 2.8 per cent boost in benefits next year as inflation edges higher. It’s the biggest increase most retired baby boomers have gotten.
Following a stretch of low inflation, the cost-of-living adjustment, or COLA, for 2019 is the highest in seven years. It amounts to $39 a month for the average retired worker, according to estimates released Thursday by the Social Security Administration.