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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 2008

0.022482893

January - December 2007

0.053710449

January -December 2006

0.090980258

January -December 2005

0.114878538

January -December 2004

0.133083778

January - December 2003

0.145053036

January  - December 2002

0.166718358

January - December 2001

0.194896965

January - December 2000

0.213766567

January - December 1999

0.223856433

January - December 1998

0.239820209

January - December 1997

0.261244129

January - December 1996

0.279965038

January -December 1995

0.299576885

January -December 1994

0.317326399

January -December 1993

0.337210096

January -December 1992

0.360858338

January -December 1991

0.393603736

January -December 1990

0.420824963

January -December 1989

0.443100926

January -December 1988

0.465547913

January -December 1987

0.472406627

January -December 1986

0.488270249

January -December 1985

0.50557512

January -December 1984

0.522294802

July 1983- December 1983

0.555209313

July 1982-June 1983

0.600008375

July 1981-June 1982

0.650051072

July 1980-June 1981

0.681575134

July 1979-June 1980

0.701009515

July 1978-June 1979

0.717667153
 

This page last updated in Release Number: 08-01

Release Date: 01/07/08

Effective Date: 01/01/08