"As you probably already know, the COLA is based on the increase in inflation from one year to the next. And Social Security uses the average annual increase in the Consumer Price Index (CPI-W) in July, August and September for its adjustment. http://www.nypost.com/p/news/business/recipients_screwed_by_new_social_SNDzUsYgB7ZXlZDbKjBepJ
Recipients screwed by new Social Security formula
John Crudele
New York Post
Last Updated: 1:12 AM, August 12, 2010
Posted: 1:12 AM, August 12, 2010
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