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- W2915430344 abstract "To compensate for the effects of inflation, Social Security recipients receive a costof-living adjustment (COLA) in January of each year. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), updated monthly by the Department of Labor’s Bureau of Labor Statistics (BLS), is the measure used to compute the change. The Social Security COLA is based on the percentage change in the average CPI-W for the third calendar quarter of the previous year to the third calendar quarter of the current year. The COLA becomes effective in December of the current year and is payable in January of the following year (Social Security checks always reflect the benefits due for the preceding month)." @default.
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- W2915430344 date "2002-10-18" @default.
- W2915430344 modified "2023-09-23" @default.
- W2915430344 title "Social Security: The Cost-of-Living Adjustment in January 2003" @default.
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