Definition and instance of “l&i cola 2024-2025”
The time period “l&i cola 2024-2025” refers to a cost-of-living adjustment (COLA) for Social Safety advantages that’s anticipated to take impact in 2024 and 2025. The COLA is an annual adjustment that’s designed to assist Social Safety beneficiaries preserve tempo with inflation. The COLA is calculated based mostly on the Client Value Index for City Wage Earners and Clerical Staff (CPI-W), which measures the change in costs of products and companies bought by city wage earners and clerical staff.