ACIN I-72-05 – December 2005 Social Security (COLA) (November 4, 2005)

A heads up for counties (and recipients) that Social Security will be passing on a 4.1% COLA increase. The main purpose of this letter is to explain how this works in the world of quarterly reporting. Basically, for new applicants, it’s anticipated for December and will be budgeted for that month. For recipients, it’s a “known to county” change that they will use to budget the quarter including January 2006. In other words, no matter what, it counts for 01/06. [Download]