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Here's Your COLA
Old 10-19-2011, 08:36 AM   #1
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Here's Your COLA

WASHINGTON – Some 55 million Social Security recipients will get a 3.6% increase in benefits next year, their first raise since 2009


Social Security increase will be 3.6% in 2012
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Old 10-19-2011, 09:09 AM   #2
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Old 10-19-2011, 09:46 AM   #3
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Great. That means I get 3.6% in my Fed COLA as well.
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Old 10-19-2011, 09:49 AM   #4
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I guess the SS problem has been solved!
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This Thread is USELESS without pics.........:)
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The Pause that Refreshes
Old 10-19-2011, 10:15 AM   #5
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The Pause that Refreshes

Here's your Cola Big Boy.... Enjoy

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Old 10-19-2011, 10:20 AM   #6
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Here's your Cola Big Boy.... Enjoy

Perfect timing, I was getting soo thirsty, and that looks lip-smacking good!!
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Old 10-19-2011, 10:23 AM   #7
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Great. That means I get 3.6% in my Fed COLA as well.

Ugg..this also means my non-COLA pension is worth 3.6 less.
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Old 10-19-2011, 12:19 PM   #8
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Great. That means I get 3.6% in my Fed COLA as well.
Have you seen that announced yet? I looked around online today, and the articles I found only referred to the SS COLA.
I know the fed retiree COLA is usually equal to the SS COLA, but these days...
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Old 10-19-2011, 12:33 PM   #9
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I know the fed retiree COLA is usually equal to the SS COLA, but these days...
It is set in law. I haven't seen any proposals to change the law other than the talk about switching SS to a less favorable CPI index. Note: the SS equivalence applies only to CSRS (old system) Fed retirees. Under FERS, retirees get smaller "diet" COLAs.
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Old 10-19-2011, 12:39 PM   #10
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It is set in law. I haven't seen any proposals to change the law other than the talk about switching SS to a less favorable CPI index. Note: the SS equivalence applies only to CSRS (old system) Fed retirees. Under FERS, retirees get smaller "diet" COLAs.
Gotcha. TY

My survivor pension is CSRS. My own deferred pension-to-be is FERS.
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Old 10-19-2011, 12:40 PM   #11
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The article says that the new Medicare premiums will be announced next week, so let's contain our euphoria until we see whether there is any SS money left for us.
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Old 10-19-2011, 12:45 PM   #12
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The article says that the new Medicare premiums will be announced next week, so let's contain our euphoria until we see whether there is any SS money left for us.
Exactly what Mr B said when I told him about the COLA.
He does not become minimally eligible to collect SS for another 2 years, but he keeps an eye on it for his family members who currently receive benefits.
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Old 10-19-2011, 01:01 PM   #13
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The article says that the new Medicare premiums will be announced next week, so let's contain our euphoria until we see whether there is any SS money left for us.
That will be interesting. Federal health benefits costs are increasing but modestly* for most plans and flat for Blue Cross Blue Shield. The increases won't eat up the COLA as they have in the past. I would expect Medicare part B might be similar.

*The average health insurance premium for enrollees in the Federal Employees Health Benefits program (FEHBP) will increase by 3.5 percent in 2012, the Office of Personnel Management (OPM) announced this week. While premiums vary with each plan, enrollee’s average bi-weekly payments in 2012 will increase by $2.32 for self-only and by $6.18 for family plans. Premiums for specific plans are available on the OPM website.
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Old 10-19-2011, 01:28 PM   #14
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The article says that the new Medicare premiums will be announced next week, so let's contain our euphoria until we see whether there is any SS money left for us.
For many SS recipients, the Medicare part B premium has been frozen at $96 per month for the past two years since there has been no SS COLA. The current part B premium is $116. I read somewhere that the 2012 part B premium is projected to decrease to about $112 per month, so that would be a $16 per month increase for those who are currently paying $96. For the average SS recipient who receives $1082 per month, the Medicare part B premium increase will be about 40% of the SS increase.
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