The table below shows estimated future cost-of-living adjustments
(COLAs) and estimated future percentage increases
in the national average wage index (AWI). These estimates are derived from the
"intermediate" assumptions in the 2014 Trustees Report.
The AWI is used to index an individual's earnings through age 60
in the benefit calculation formula, and the COLA is used to increase benefits
annually. The COLA shown for a year is effective for December of
that year, but is payable in January of the following year.
COLAs & AWI increases under the intermediate assumptions of the
2014 Trustees Report