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Bad news for retirees: No Social Security cost-of-living increase, higher medical costs for many

Saturday, October 24, 2015 21:29
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Bad news for retirees: No Social Security cost-of-living increase, higher medical costs for many | 15 Oct 2015 | Tens of millions of seniors will see no annual cost-of-living adjustment in their Social Security checks in 2016, the government said Thursday, unwelcome news that also will flatten benefit payments for retired federal workers and service members. It is only the third time in 40 years — all of them during the Obama administration — that the Social Security Administration has not increased its payments. The raises are tied to the consumer price index (CPI).



Source: http://www.legitgov.org/Bad-news-retirees-No-Social-Security-cost-living-increase-higher-medical-costs-many

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