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2012 Cola

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mags1023

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Been reading a little and it looks like we may get at least a 3.5% COLA this year. I guess the amount will be decided on 10/19 and then we will see if this Congress actually makes a decision on it. Don't want to get everyone's hopes up, but some good news on a COLA would be nice after a couple of years of no COLA.

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It will be nice, yes, but while some people's costs are up, most costs are down for consumer goods, and that is the value that is tied to COLA for the last several years. If prices are down, there is no need for a COLA, either. Prices are adjusting back up now, and more people are buying, so now there is the possibility of a COLA.

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When you bring up a COLA thread please start with a source that shows the amount. Right now it is probably alraight to discuss it but it has been a problem on this Board in the past with rehashing old news like we all know that Congress enacts legislation every year to tie our COLA to same as Social Security.

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