Mike Price

Compliance Corner: 2015 Cost of Living Adjustment and other updates

Our Travois Asset Management team would like to pass along a few important industry updates.
2015 Social Security COLA announced
The Social Security Administration has announced that beginning January 2015 all recipients of Social Security and Supplemental Security Income (SSI) will receive a 1.7 percent Cost of Living Adjustment (COLA). When completing certifications for households who have Social Security or SSI income, we will need to calculate the 1.