COLA
En inglés | AARP envió la siguiente carta al Congreso el 14 de octubre.
AARP sent the following letter to Congress on Oct. 14.
En español | Nearly 60 million Social Security recipients will probably not get a cost-of-living increase next year, according to projections in the 2015 Social Security and Medicare trustees reports.
Social Security benefits will rise by 1.7 percent starting in January, the Social Security Administration announced Wednesday.
Social Security benefits will increase by just 1.5 percent next year - about $19 a month for the average retiree.
Wondering what next year's cost-of-living adjustment for Social Security will be?
The August recess gives Capitol Hill lawmakers a chance to hear from their constituents back home, and sometimes that earful is downright heartbreaking.
It's not only politicians who have mixed reactions to a different way of calculating cost-of-living adjustments to Social Security benefits. Newspaper editorial writers and columnists are conflicted, too.
The GOP-controlled House of Representatives approved a budget proposal first. Then came a very different document from the Democratic-controlled Senate. Now thousands more pages of numbers will land with a thud on Capitol Hill on April 10.
The chained CPI - a proposal to change the way the cost-of-living adjustment (COLA) is calculated for Social Security and veterans benefits - can be as confusing as its name. And with it comes a number of daunting statistics: