Tag: eliminating COLA
Why in the world would Republicans put out a plan to dramatically cut Social Security? Even Donald Trump said he wouldn’t mess with the program’s benefits. Yet, the Republican Study Committee’s Blueprint to Save America, released in June, has a full section devoted to Social Security. I had never heard of the Republican Study Committee (RSC),…
The brief’s key findings are: Since the financial crisis, 17 states have reduced, suspended, or eliminated cost-of-living-adjustments (COLAs) for public employee pensions. This response was surprising as current employees and retirees tend to be legally shielded from benefit cuts. But the COLA cuts have largely been upheld in the courts under the rationale that –…
