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Fair Cost-of-Living Adjustment (COLA) Calculator


Retired?> Tell me why my COLA might be unfair
If you are already receiving Social Security or Railroad Retirement Benefits:
 
What is the monthly benefit you receive in your bank account? (After Medicare premiums, if any, have been deducted.)

If you do not know your estimated benefit amount, you may use the national average benefit of $1090, and then answer "No" to the two Medicare questions below.
  		$
Round to the nearest whole dollar.
(Example: 654)
Are you receiving Medicare Part B benefits?
(Part B covers doctors' and hospital outpatient services. Premiums are usually deducted from Social Security payments.)
 
Were your Medicare Part D Drug Coverage premiums, if any, deducted from this amount too?
 
In what year did you retire?


Not Yet Retired?
If you have not yet retired:
 
What is the monthly benefit shown on your Earnings and Benefit Estimate Statement?

If you do not know your estimated benefit amount, you may use the average monthly amount for people retiring in 2008 of $1450.
  		$
Round to the nearest whole dollar.
(Example: 654)
In what year do you plan to retire?

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