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Old 08-10-2011, 06:30 AM   #1
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No cola increase

Just read that there will be no cola increase for 2011

 
Old 08-10-2011, 08:33 AM   #2
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Re: No cola increase

There wasn't one in 2011. We are now in FY 2012 can you quote the site that says no increase this year?

The increase (or decrease) in the CPI will depend on the CPI numbers for the months of July, August and September. July numbers will be released Aug. 18. If they hold at current levels, retirees would get something in the neighborhood of 3.3 percent

igures from July, August and September will be averaged out to determine the COLA for next year.

As the Social Security Administration explains it: “The Social Security Act provides for an automatic increase in Social Security and SSI benefits if there is an increase in the consumer price index for urban wage earners and clerical workers (CPI-W) from the third quarter of the last year a cost-of-living adjustment (COLA) was determined to the third quarter of the current year.”


Just trying to clarify

Pup

 
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Old 08-10-2011, 09:23 AM   #3
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Re: No cola increase

Quote:
Originally Posted by pupcake View Post
There wasn't one in 2011. We are now in FY 2012 can you quote the site that says no increase this year?

The increase (or decrease) in the CPI will depend on the CPI numbers for the months of July, August and September. July numbers will be released Aug. 18. If they hold at current levels, retirees would get something in the neighborhood of 3.3 percent

igures from July, August and September will be averaged out to determine the COLA for next year.

As the Social Security Administration explains it: “The Social Security Act provides for an automatic increase in Social Security and SSI benefits if there is an increase in the consumer price index for urban wage earners and clerical workers (CPI-W) from the third quarter of the last year a cost-of-living adjustment (COLA) was determined to the third quarter of the current year.”


Just trying to clarify

Pup
Don't now about 2012 just this year, but the way inflation is down I doubt we will get one for 2012 and if we do it will be taken away by rising Medicare cost ,this is just my take on this.

 
Old 08-10-2011, 09:52 AM   #4
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Re: No cola increase

When would the COLA go into effect? Jan?

Pup

 
Old 08-10-2011, 10:37 AM   #5
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Re: No cola increase

Quote:
Originally Posted by pupcake View Post
When would the COLA go into effect? Jan?

Pup
if we get one it would most likely be in jan of 12

 
Old 08-10-2011, 12:00 PM   #6
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Re: No cola increase

Their has not been a COLA increase for two straight years. I have heard if there is one for 2012 it is going to be small , around $10 And that little amount will be eaten up by medicare costs . I have always recieved the increase on my January deposit.

 
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