Policy History for 8.1.7 COLA

 

Release 06-01

8.1.7 COLA

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.

COLA Disregard Amount Table

January -December 2005

0.02629

January -December 2004

.046317

January -December 2003

0.059485

January - December 2002

0.083318

January  - December 2001

0.114317

January - December 2000

0.135076

 

January - December 1999

0.146175

January - December 1998

0.163737

January - December 1997

0.187305

January - December 1996

0.2079

January - December 1995

0.229474

January -December 1994

0.249

January -December 1993

0.270874

January -December 1992

0.296889

January -December 1991

0.332912

January -December 1990

0.362858

January -December 1989

0.387363

January -December 1988

0.412057

January -December 1987

0.419602

January -December 1986

0.437053

January -December 1985

0.45609

January -December 1984

0.474483

July 1983-December 1983

0.510692

July 1982- June 1983

0.559975

July 1981-June 1982

0.615026

July 1980-June 1981

0.649705

July 1979-June 1980

0.671085

July 1978-June 1979

0.68941

July 1977-June 1978

0.708092

July 1976-June 1977

0.729715

 

This page last updated in Release Number: 05-01

Release Date: 01/11/05

Effective Date: 01/01/05