Reply #45: If you say so, but I have heard several times that it would reduce

[doc03]

the COLA by 1% each year, perhaps the reports I have heard are all wrong.

on edit: Found this link, if the Chained CPI was used for the last COLA adjustment in 2008 the COLA would have been 5.2% instead of 5.8% a .6% reduction. It may not sound like much to you but that is a 6% cut in 10 years.

http://crfb.org/blogs/more-colas-and-cpi-e


I would also remind you that even though SS gets a COLA their Medicare payments also increase which takes most of it back.