Tag: Social Security COLA
A modest increase reignites the debate over the appropriate price index. How best to keep Social Security benefits up to date with inflation has been a controversial issue. Critics have argued for decades that the CPI-W understates the inflation of the elderly because it does not reflect how large a share of their budget goes…
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…
