According to a Labor Department news release issued on Oct. 17, September’s consumer price index (CPI) will be released on Oct. 30. The now-resolved partial government shutdown had delayed the originally-scheduled Oct. 16th release of the CPI, used to determine annual cost-of-living allowances for some Social Security coverage and benefits, along with pension-plan deferral limits. Additionally, the Social Security Administration is said to be checking on a new release date for the 2014 Old-Age, Survivors, and Disability Insurance (OASDI) taxable wage base, which is unconnected to the cost-of-living calculation and unrelated to the CPI. In May 2013, the OASDI’s annual report projected the 2014 wage base to be $115,500, up approximately 1.6 percent over 2013’s wage base of $113,700.

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September’s Consumer Price Index Release Delayed Until October 30

Oct 23, 2013

According to a Labor Department news release issued on Oct. 17, September’s consumer price index (CPI) will be released on Oct. 30. The now-resolved partial government shutdown had delayed the originally-scheduled Oct. 16th release of the CPI, used to determine annual cost-of-living allowances for some Social Security coverage and benefits, along with pension-plan deferral limits. Additionally, the Social Security Administration is said to be checking on a new release date for the 2014 Old-Age, Survivors, and Disability Insurance (OASDI) taxable wage base, which is unconnected to the cost-of-living calculation and unrelated to the CPI. In May 2013, the OASDI’s annual report projected the 2014 wage base to be $115,500, up approximately 1.6 percent over 2013’s wage base of $113,700.