By Mary Johnson, editor Use of a consumer price index (CPI) that does not reflect the costs experienced by retirees to calculate the annual cost of living adjustment (COLA) suppresses the amount of lifetime Social Sec ...
Category: Cost of Living Adjustment (COLA) Articles
Low COLA & COVID-19 Costs Could Trigger A Medicare Premium Spike
When the Social Security Administration announced that the cost-of-living adjustment (COLA) for 2016 would be zero, a stunning thing occurred. The Medicare Trustees projected that the monthly Part B premium would increa ...
Retirement Benefits Could Be Subject To “Inaccurate CPI Information”
TSCL is forecasting a 1.3% Social Security cost-of-living adjustment (COLA) for 2021. Our forecast is based on the most recent consumer price data from the U.S. Bureau of Labor Statistics (through August) and uses the s ...
2021 Social Security COLA Likely To Be About 1.3%
(Washington, DC) – Social Security recipients are likely to get a 1.3 percent cost of living adjustment (COLA) in 2021, making it the second lowest ever paid, according to The Senior Citizens League (TSCL). “Our forecas ...
Coronavirus Throws Monkey Wrench Into COLA Calculations
By Mary Johnson, editor Impute. Today’s word comes to us from the economists at the U.S. Bureau of Labor Statistics (BLS). Since March of this year, they have been forced to use this estimation technique much more f ...
No COLA Expected For Next Year
By Mary Johnson, editor The coronavirus is creating especially challenging long-term impacts for the nation’s retirees. Coronavirus - caused deflation will likely obliterate the Social Security cost-of-living adjustm ...
Deflation Signals Zero COLA For 2021, Benefits Lose 30% Of Buying Power
Social Security benefits have lost 30 percent of buying power since 2000. These are the findings of an annual TSCL study that examines the adequacy of Social Security benefits in keeping up with the rising costs typical ...
A Coronavirus Caused Recession Could Eliminate Next Year’s COLA
Older Americans have the highest health risk from the coronavirus and now the coronavirus-caused economic recession, along with falling oil prices, put the next Social Security cost-of-living adjustment (COLA) in jeopard ...
Should Social Security Benefits be Adjusted Using a Locality-based Payment Rate?
Mary Johnson, editor Should Social Security benefits be adjusted annually using a locality – based payment rate? Some of you, particularly those of you who are retired federal employees know far more about locality - ...
Benefit Bulletin: January 2020
Your Survey Responses are Helping to Change Attitudes About Social Security By Rick Delaney, Chairman of the Board Over the past 25 years, Congress has periodically debated plans to fix Social Security’s financing, ...