Policy History for 8.1.7 COLA

Release 07-08

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 ) Benefits  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 2007

0.031945789

January -December 2006

0.070072804

January -December 2005

0.094520744

January -December 2004

0.113144705

January - December 2003

0.125389256

January  - December 2002

0.147552881

January - December 2001

0.176379595

January - December 2000

0.195683198

January - December 1999

0.206005131

January - December 1998

0.222336074

January - December 1997

0.244252744

January - December 1996

0.263404234

January -December 1995

0.283467154

January -December 1994

0.301624906

January -December 1993

0.321965928

January -December 1992

0.346158079

January -December 1991

0.379656622

January -December 1990

0.407503937

January -December 1989

0.430292247

January -December 1988

0.453255515

January -December 1987

0.46027198

January -December 1986

0.476500465

January -December 1985

0.494203348

January -December 1984

0.511307583

July 1983- June 1983

0.544979127

July 1982-June 1983

0.590808568

July 1981-June 1982

0.642002246

July 1980-June 1981

0.674251362

July 1979-June 1980

0.694132734

July 1978-June 1979

0.711173498

 

This page last updated in Release Number: 07-01

Release Date: 01/12/07

Effective Date: 01/01/07