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Source: NARFE,
http://www.narfe.org/departments/leg/guest/articles.cfm?ID=942
The
primary NARFE article
by Mike Causey linked us to the page
referenced above, which we have
reproduced below. It was an article by Mike Causey.
See his complete article at:
http://www.federalnewsradio.com/index.php?nid=22&sid=1459846
Social Security recipients should certainly read this
article, as well as below.
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COLA Update - 1st
month of critical final 3 (July)
August 18, 2008
Inflation Continued to Increase in July
The Consumer Price Index for Urban
Wage Earners and Clerical Workers
(CPI-W) increased 0.5
percent in July 2008
according to the Bureau of Labor
and Statistics (BLS). Released on
August 14th, the CPI-W
for July is 216.3. For purposes of
calculating the next COLA
(cost-of-living adjustment) the
index is currently 6.2
percent above the
2007 third quarter average base
index of 203.6. August
inflation figures will be released
on September 16, 2008.
Benefits awarded under the Federal
Employees Compensation Act (FECA)
to individuals who left the
workforce due to work-related
injuries or illnesses are adjusted
according to each calendar year’s
percentage change in the CPI-W.
July’s index is 5.2
percent higher
than the December 2007 base of
205.7.
|
CPI-W |
Monthly % Change |
%
Toward Next COLA |
| Oct. |
204.3 |
0.2 |
0.3
|
|
Nov. |
205.8 |
0.8 |
1.1 |
| Dec. |
205.7 |
-0.1 |
1.0 |
| Jan. |
206.7 |
0.5 |
1.5 |
| Feb. |
207.3 |
0.2 |
1.8 |
| Mar. |
209.1 |
0.9 |
2.7 |
| Apr. |
210.7 |
0.7 |
3.5 |
| May |
212.8 |
1.0 |
4.5 |
| June |
215.2 |
1.1 |
5.7 |
| July |
216.3 |
0.5 |
6.2 |
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COLA Update - 2nd
month of critical final 3 (August)
September 16, 2008
Inflation
Declines in August
The Consumer Price Index for Urban Wage Earners
and Clerical Workers (CPI-W) decreased
0.5 percent
in August 2008 according to the Bureau of Labor
and Statistics (BLS). Released on September 16th,
the CPI-W for August is 215.247. For purposes
of calculating the next COLA (cost-of-living
adjustment) the July/August average index
(215.775) is currently
6.0
percent
above the 2007 third quarter average base index
of 203.6.
September inflation figures will be released on
October 16, 2008.
Benefits awarded under the Federal Employees
Compensation Act (FECA) to individuals who left
the workforce due to work-related injuries or
illnesses are adjusted according to each
calendar year’s percentage change in the CPI-W.
August’s index is
4.6
percent
higher than the December 2007 base of 205.7.
|
CPI-W |
Monthly %
Change |
% Toward
Next COLA |
|
Oct. |
204.3 |
0.2 |
0.3 |
|
Nov. |
205.8 |
0.8 |
1.1 |
|
Dec. |
205.7 |
-0.1 |
1.0 |
|
Jan. |
206.7 |
0.5 |
1.5 |
|
Feb. |
207.3 |
0.2 |
1.8 |
|
Mar. |
209.1 |
0.9 |
2.7 |
|
Apr. |
210.7 |
0.7 |
3.5 |
|
May |
212.8 |
1.0 |
4.5 |
|
June |
215.2 |
1.1 |
5.7 |
|
July |
216.3 |
0.5 |
6.2 |
|
Aug |
215.2 |
-0.5 |
6.0 |
COLA Update - 3rd
month of critical final 3 (September)
October 16, 2008
Update: October 8, 2008. The 3rd month of this critical
quarter has not yet been announced, and the month of September
has been unclear as to trends. From what we have read, it
appears to SeniorArk that there will be a slight drop in
inflation in September, resulting in a final COLA of less than
6%, but probably more than 5%. Check back on October 16.
The COLA has been announced. Go to
2009
Social Security COLA.
Remember:
We are not
economists at SeniorArk. Rather, we scour the web and pass on
valuable information. We also present information submitted by
readers that
we deem to have a reliable source.
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