David Certner is the Legislative Counsel and Legislative Policy Director for Government Affairs at AARP, serving as counsel for the Association’s legislative, regulatory, and policy efforts at the federal and state level, as well as for litigation opportunities before the courts. Follow on Twitter @DavidCertner.

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5 Reasons Chained CPI Is Bad For Social Security

David Certner is the Legislative Counsel and Director of Legislative Policy for Government Affairs at AARP. Congress and the Administration are considering, as a means of deficit reduction, a legislative change to the consumer price index – the so-called “chained CPI.” This change would have a particularly negative impact on Social Security benefits – here’s why: 1. Chained CPI compounds over time.  As a result of a chained CPI, there will be a 0.3% annual cut in Social Security cost …