Tag: cost-of-living-adjustment (COLA)
The brief’s key findings are: As life expectancy rises, more retirees face the higher poverty risk associated with very old ages due to declining resources, cumulative inflation, and widowhood. In response, some propose boosting Social Security for the oldest old by either: adopting an annual cost-of-living-adjustment (COLA) for all retirees that more closely matches t…
Abstract Federal law allows certain state and local government employees to be excluded from Social Security coverage if they are covered by an employer pension of sufficient generosity. Public sector retirement systems have grown less generous in recent years, and a couple of plans could exhaust their assets in the next decade, putting benefits at…
