Policy History for 8.1.7 COLA

Release 06-04

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 2006

0.039385207

January -December 2005

0.064639928

January -December 2004

0.08387848

January - December 2003

0.096527101

January  - December 2002

0.119422126

January - December 2001

0.149200121

January - December 2000

0.169140744

January - December 1999

0.179803301

January - December 1998

0.196673164

January - December 1997

0.219313085

January - December 1996

0.239096574

January -December 1995

0.25982157

January -December 1994

0.278578528

January -December 1993

0.299590804

January -December 1992

0.324581296

January -December 1991

0.35918529

January -December 1990

0.387951567

January -December 1989

0.411491891

January -December 1988

0.435212947

January -December 1987

0.442460955

January -December 1986

0.459224981

January -December 1985

0.477512058

January -December 1984

0.495180733

July 1983- June 1983

0.529963438

July 1982-June 1983

0.57730525

July 1981-June 1982

0.630188321

July 1980-June 1981

0.663501657

July 1979-June 1980

0.684039114

July 1978-June 1979

0.701642223

July 1977-June 1978

0.719588555

 

This page last updated in Release Number: 06-02

Release Date: 07/14/06

Effective Date: 01/01/06