What is the difference between CPI and Cola?
The LASERS COLA is based on the prior calendar year CPI-U. The annual Social Security COLA is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of one year to the third quarter of the next.
The LASERS COLA is based on the prior calendar year CPI-U. The annual Social Security COLA is based on the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) from the third quarter of one year to the third quarter of the next.