167.01 COLA Income Deduction (AAM)

167.01 COLA Income Deduction (AAM)

SR 98-51 Dated 12/98 Previous Policy

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Individuals who meet all of the above requirements are eligible to receive the appropriate SSA cost-of-living adjustment (COLA) as an income deduction.

Compute a COLA income deduction for each individual in the case who is currently receiving SSA income, whether they are the recipient, an applicant, or non-applicant spouse.

Deduct, from the individual ' s current SSA benefit, all the SSA COLAs received after the most recent termination of financial assistance. The amount of the deduction is the difference between the pre- and post-SSA amounts which result from the annual SSA COLA.

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