Policy History for 8.1.7 COLA

Correct 2004 Cola Disregard

RELEASE 04-03

To calculate the Cost-of-Living Adjustment ( COLA Cost of Living Adjustment ) disregard amount, do the following:
 

  1. Find the AG's current gross Old Age Survivors Disability Insurance ( OASDI ) income Income is anything you receive in cash or in kind that you can use to meet your needs for food, clothing, and shelter.. The gross OASDI income is the amount of the OASDI check plus any amount that has been withheld for a Medicare premium plus any amount with-held to repay an earlier overpayment.  Do not include in the gross income any Medicare Plan B premiums which the State has purchased for the AG.
 
  1. On the COLA Disregard Amount Table below find the last month in which the person was eligible for and received a check for both OASDI and Supplemental Security Income (SSI).
 
  1. Find the decimal figure that applies to this month.
 
  1. Multiply the person's current gross OASDI income by the applicable decimal figure. The result is the COLA disregard amount.
 
Corrected 2004 Cola Disregard Table

COLA Disregard Amount Table

January -December 2004

0.020568

January -December 2003

.034091

January - December 2002

0.058568

January  - December 2001

0.090404

January - December 2000

0.111723

January - December 1999

0.123122

January - December 1998

0.141158

January - December 1997

0.165362

January - December 1996

0.186513

January - December 1995

0.20867

January -December 1994

0.228723

January -December 1993

0.25118

January -December 1992

0.277905

January -December 1991

0.314901

January -December 1990

0.345655

January -December 1989

0.370822

January -December 1988

0.396182

January -December 1987

0.403931

January -December 1986

0.421854

January -December 1985

0.441404

January -December 1984

0.460294

July 1983-December 1983

0.497481

July 1982- June 1983

0.548094

July 1981-June 1982

0.604632

July 1980-June 1981

0.640247

July 1979-June 1980

0.662204

July 1978-June 1979

0.681024

July 1977-June 1978

0.70021

July 1976-June 1977

0.722417

 

This page last updated in Release Number: 05-01

Release Date: 01/04/05

Effective Date: 01/04/05