When will we know what the new indexing factors will be?
https://www.ssa.gov/oact/cola/awifactors.html
So do you take the 2023 indexing factor for each year and multiply it by 5.32% to get the 2024 indexing factors for each year. I guess we don't know the bend points for 2024.
Year 2023 Factor 2024 Factor
1962 14.1154565 14.8663988
1963 13.7775824 14.5105498
1964 13.2366334 13.9408223
1965 13.0025136 13.6942473
1966 12.2662321 12.9187956
1967 11.6190212 12.2371531
1968 10.8718017 11.4501816
1969 10.2778311 10.8246117
1970 9.7919043 10.3128336
1971 9.3234299 9.8194364
1972 8.4912767 8.9430126
1973 7.9912654 8.4164007
1974 7.5428814 7.9441627
1975 7.0183793 7.3917571
1976 6.5653499 6.9146265
1977 6.1941246 6.5236520
1978 5.7384329 6.0437175
1979 5.2768223 5.5575492
1980 4.840793 5.0983232
1981 4.3980709 4.6320483
1982 4.1685811 4.3903496
1983 3.9749404 4.1864072
1984 3.754249 3.9539750
1985 3.6008342 3.7923986
1986 3.4970384 3.6830808
1987 3.287387 3.4622760
1988 3.1330788 3.2997586
1989 3.0137525 3.1740841
1990 2.880689
3.0339417
1991 2.7771952 2.9249420
1992 2.6411145 2.7816218
1993 2.618594 2.7579032
1994 2.5501502 2.6858182
1995 2.4518701 2.5823096
1996 2.3375513 2.4619090
1997 2.2086732 2.3261746
1998 2.0988236 2.2104810
1999 1.9880337 2.0937971
2000 1.8838566 1.9840778
2001 1.8399616 1.9378476
2002 1.8216921 1.9186061
2003 1.7782228 1.8728243
2004 1.6992296 1.7896286
2005 1.639249 1.7264570
2006 1.567215 1.6505908
2007 1.4991796 1.5789360
2008 1.4654679 1.5434308
2009 1.4879065 1.5670631
2010 1.4535518 1.5308808
2011 1.4093909 1.4843705
2012 1.3667145 1.4394237
2013 1.3494665 1.4212581
2014 1.3032076 1.3725382
2015 1.2593928 1.3263925
2016 1.2453206 1.3115717
2017 1.2037519 1.2677915
2018 1.1616481 1.2234478
2019 1.1196873 1.1792547
2020 1.0889195 1.1468500
2021 1 1.0532000
2022 1 1
2023 1 1