3.6% cola

[Finhawk]

Effective as of 1 Dec and paid in the Jan Check. I wonder!!!

[Mr_D]

Malcolm Berko writes an investment column that is in our local paper. He says the REAL cost of living went up 12%, but the gov't no longer uses food and energy (fuel) in their calculations. That keeps it from looking so bad and getting an accurate raise in the COLA

[Wizard]

If you make $250k per year like most of the big men in Washington, thats a $9K per year raise.

Puts 3.6% a little more in perspective, don't it

[Finhawk]

Quote:

Originally Posted by Wizard If you make $250k per year like most of the big men in Washington, thats a $9K per year raise. Puts 3.6% a little more in perspective, don't it

But if you are like most of us in this part of the Forum, you'll be lucky to get $100.00 a month. So that changes the perspective a bit, doesn't it?

[wa8yxm]

All I know is the deposit in MY account today (First of the state's fiscal year) was larger than expected.

[tworootless]

Better then losing 3.6. . .

[Seajay]

I guess ''Uncle'' figures we dont eat and we dont need to drive anything.
Good thing I invested in gold bullion a long time ago .......

God keep our troops safe please....

[Sandman]

Quote:

Originally Posted by tworootless Better then losing 3.6. . .

Better then last years..

I'm taking mine..

[Clifftall]

Quote:

Originally Posted by Sandman Better then last years.. I'm taking mine..

It's a few hundred gallons of fuel

[tims52ford]

We get a raise an the next thing you we will be paying more for medicare. so if this happens how much of a raise will we actually get!

[Steve N Sal]

Quote:

Originally Posted by Sandman Better then last years.. I'm taking mine..

X2

[W4RLR]

Quote:

Originally Posted by tims52ford We get a raise an the next thing you we will be paying more for medicare. so if this happens how much of a raise will we actually get!

The Medicare premium increase is in fact higher than the COLA. So that $38 average raise comes out to a bit less than $20.

[alageezer]

Quote:

Originally Posted by rray32539 The Medicare premium increase is in fact higher than the COLA. So that $38 average raise comes out to a bit less than $20.

That would depend on when you started on Medicare. My premium is $96 and change. Those who just started this year pay $116, from what I understand. They would see more of a raise than the old timers.

[alageezer]

Updated to add:

Just reading on another Veterans forum I follow that according to CNN, Medicare premiums was just announced to be $99.90 for 2012. That would be a $3.50 increase for most, and several dollar reduction for the few new ones.