Over a decade legislation was passed to safe guard retirement benefits Military vets, Federal employees, and Social Security recipients COLA based on the CPI. According to the Congressional Budget Office the new recommended changes would produce lower estimates of inflation than the traditional measurement of the CPI. A decision to base annual cost-of-living increases on the new calculation would lower benefits by billions for Military, Federal Civilian and Social Security dramatically effect pensions. COLA increases are the only safety net to offset increases in inflation for retirees on fixed incomes.
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