Cost of Living Adjustment (COLA)
An increase in Social Security benefits to counteract inflation, which is calculated based on the Consumer Price Index (a measure the federal government uses to measure variation in the price of goods and services).
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Vicki Waun, QPA, QKC, QKA, CMFC, CRPS, CEBS, CPC, is a Senior Legal Product Analyst at Human Interest and has over 20 years experience with recordkeeping qualified plans, along with extensive experience in compliance testing. She earned her BSBA in Accounting from Old Dominion University and is a member of ASPPA.
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