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Why No Social Security COLA for 2011?
National Academy of Social Insurance Oct. 18, 2010 Excerpt: For a COLA to have been triggered for 2011, the CPI-W would have had to not only increase, but increase beyond the highest point it had reached at the end of a previous third quarter, i.e. that of 2008. Although the CPI-W has rebounded modestly over the past year, increasing by 1.4 percent, it has not surpassed its September 2008 level, and hence there will be no COLA for 2011. |
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