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Saturday, 23 November 2013

Getting Hosed By COLA

Posted on 07:36 by Unknown

     Danny Vinik at Business Insider argues that Social Security recipients are getting hosed by the Cost Of Living Adjustment (COLA) even without chained CPI. He thinks Congress should require the use of the CPI-E (with E standing for Elderly) for the COLA instead of the measure being used now, CPI-W. The CPI-E would result in significantly higher benefits for those staying on Social Security
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