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Why is it Social Security recipients must wait until January?
11-19-2012, 02:55 AM
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Tony Offline
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Social Security recipients may receive a 3.5 percent cost-of-living adjustment, or COLA, in 2012. That would be the first increase in benefits in two years. The COLA is determined each year by the increase, if any, in the third-quarter consumer price index over the index level a year earlier. Final calculations can only be made when September data is released on October 19, so the 3.5 percent estimate is based on August data, released on September 15, and on July data.
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[] - Tony - 11-19-2012 02:55 AM
[] - 4n0nym0u5 - 11-19-2012, 02:55 AM

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