Debt cutters may be back with more demands to "chain" cost-of-living adjustments (COLAs), along with plans that would make seniors pay higher Medicare costs. The government's new 2014 federal budget agreement cut COLAs ...
Category: Cost of Living Adjustment (COLA) Articles
Will 2015 Be Year Of The Lowest COLA Ever Paid?
Alexandria, VA: More than 62.5 million seniors, as well as recipients of other federal benefits, may be at high risk of not receiving any cost-of-living adjustment (COLA) next year, according to a new forecast from The S ...
Congress Picks Up Debate Over Benefit Cuts
After leaving major decisions on Social Security and Medicare cuts to the New Year, Members of Congress are returning to pick up their debate over entitlements and taxes. With the looming insolvency of the Social Securi ...
Social Security and Medicare Cuts Eyed
Take The TSCL Senior Survey! How much will the New Year's 1.5% cost-of-living adjustment (COLA) increase your Social Security benefits? How much did your household budget increase over the past 12 months? Your respons ...
Legislative Update: November 2013
COLAs Reach All Time Lows At Same Time Seniors Report Expenses Higher Than Ever By Jessie Gibbons, Legislative Assistant Over the past five years, the Social Security cost-of-living adjustment (COLA) has reached an ...
2014 COLA 1.5%
Social Security benefits will increase by a tepid 1.5% in January. That will boost the average monthly Social Security benefit of $1,161 by only $17.40 per month. But despite slow growth in benefits, TSCL remains highly ...
2014 COLA Marks Lowest Five-Year Growth Period In 37 Years
COLA Announcement Delayed Due To Shut Down Seniors will receive an estimated 1.5% cost-of-living adjustment (COLA) effective January 1st. This preliminary estimate was recently released by TSCL and shared by other eco ...
COLAs Go Flat, Seniors May Get 1.7% COLA In 2014
By Mary Johnson, Editor Don't expect much growth in Social Security benefits next year. According to consumer price index data, Social Security and other adjusted benefit payments will probably stay pretty flat. With ...
Congressional Corner: Strengthening Social Security
By Representative Peter DeFazio (OR-4) There's a lot of talk in D.C. about using Social Security to help pay down the federal deficit. Despite the hype, Social Security is not, and never was, the cause of our deficit. ...
Chained CPI Affects More Than COLAs, Seniors Would Get Less, Pay More
Most seniors are aware of the impact of the consumer price index (CPI) on their cost-of-living adjustments (COLAs). But a widely-debated deficit reduction proposal that would switch to the more slowly-growing “chained” ...
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