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The table below shows estimated future cost-of-living
adjustments (COLAs) and estimated future percentage increases in
the national average wage index (AWI).
The AWI is used to index an individual's earnings
through age 60 in the benefit calculation formula, and the COLA is used
to increase benefits annually. The COLA shown for a year is effective
for December of that year, but is payable in January of the following
year.
The COLA
for December 2002, as shown below, was determined in October 2002.
All other figures shown are estimates.
Calendar
year |
COLA
(percent) |
Increase
in
AWI (percent) |
| 2002 |
1.4 |
1.7 |
| 2003 |
2.3 |
3.7 |
| 2004 |
2.4 |
4.2 |
| 2005 |
2.8 |
4.2 |
| 2006 |
2.9 |
4.3 |
| 2007 |
3.0 |
4.3 |
| 2008 |
3.0 |
4.2 |
| 2009 |
3.0 |
4.2 |
| 2010 |
3.0 |
4.1 |
| 2011
|
3.0 |
4.1 |
| 2012 |
3.0 |
4.1 |
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