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Chained CPI Proposals

April 29, 2013

The President’s Budget Proposal for FY 2014 includes a plan to reduce benefits to senior citizens, military retirees disabled veterans and survivors. It goes by the “innocent” and now ever popular name of “Chained CPI.” Proponents describe this new formula as a simple “technical adjustment” that does a better job of calculating the true cost of living. In truth, there is nothing innocent about the Chained CPI as it represents a significant benefit cut. Over the course of a lifetime the average beneficiary stands to lose thousands of dollars. Read more http://ow.ly/kvIEA

Thanks to CMSgt Nolan Kanekuni for sending in the article.

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