§ B 200. Cost of Living Adjustment

Each December monthly benefits are adjusted to take account of rises in the cost of living. Unless the Social Security Trust Fund reserves are below a specified level, this adjustment is based on the percentage increase in the Consumer Price Index over the prior measurement year. If reserves are low, the increase is based on the percentage increase in wage levels over the measurement year if that is lower.

Pursuant to this adjustment, the benefit increase taking effect in December 2014 is 1.7%. The increase the year before was 1.5%, the year before that, 1.7%.

Rev. 11/14