Chained CPI calculation
I saw on CNBC a couple of nights ago (if it's accurate) that the newly-proposed "chained" CPI adjustment for Social Security recipients, veteran retirement benefits, etc, would amount to approx. 0.25% a year.
Thus, if a Social Security adjustment would be (say) 2.5% due to CPI increase in 2013, the new hike would amount to 2.25%. Thus, still an increase (just less).
This is only a proposal. Not a done deal, but ultimately could be approved by Congress. Stay tuned.
Gene
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