Social Security: The Cost-of-Living Adjustment in January 2005

Sidor, Gary

Library of Congress. Congressional Research Service.

关键词: Social security;    Supplemental security income program;    Labor;    Pensions;    Cost of living adjustments;   

RP-ID  :  94-803
RP-ID  :  94-803_2004Oct19

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses how the cost-of-living adjustment (COLA) for Social Security benefits are determined. The 2.7% COLA payable in January 2005 was triggered by the rise in the CPI-W (Consumer Price Index for Urban Wage Earners and Clerical Workers) from the third quarter of 2003 to the third quarter of 2004. This COLA triggers identical percentage increases in Supplemental Security Income (SSI), veterans' pensions, and railroad retirement benefits, and causes other changes in the Social Security program.