August 16, 2010

Social Security Changes

[from article]
"As you probably already know, the COLA is based on the increase in inflation from one year to the next. And Social Security uses the average annual increase in the Consumer Price Index (CPI-W) in July, August and September for its adjustment.
[. . .]
Now here's the key part: Social Security didn't adjust people's benefits downward either, which technically should have happened because prices fell by 2 percent."

http://www.nypost.com/p/news/business/recipients_screwed_by_new_social_SNDzUsYgB7ZXlZDbKjBepJ

Recipients screwed by new Social Security formula
John Crudele
New York Post

Last Updated: 1:12 AM, August 12, 2010

Posted: 1:12 AM, August 12, 2010

No comments: