Washington, DC–(ENEWSPF)–October 7, 2011.  

Super Committee Could Cut Social Security COLAs with “Chained CPI” Change

According to multiple sources, Members of Congress on the Super Committee charged with reducing the nation’s budget deficit are considering changing the formula that determines the Cost of Living Adjustment (COLA) for future Social Security recipients.  Social Security’s COLAs for monthly benefits are designed to help retirees keep up with rising living standards and costs. COLAs currently are tied…