Tag: COLA
But it shouldn’t be used as a precedent for Social Security. Both the House and Senate tax cut proposals change the measure of inflation used to adjust the income thresholds in the tax schedule. This shift to a “chained” consumer price index (CPI), which makes sense on the tax side, has also been proposed in…
The perception is that public employees have much greater protections with respect to their defined benefit plans than their private sector counterparts. While the Employee Retirement Income Security Act (ERISA) of 1974 – the governing law in the private sector – protects benefits earned to date, state laws or constitutions prevent public plan sponsors from…
