The Bottom Line: Administration Proposes One-Time Payment to Seniors
CRFB.org - The ... - October 15, 2009 - 12:36pm
Today, the Social Security Administration (SSA) announced that, in light of the deflation experienced over the past year, there will be no COLA for Social Security benefits in 2010. This will mark the first year without a COLA since automatic indexing began in 1975.
Given that prices have gone down, we find this lack of COLA to be entirely appropriate, and put out a press release today urging politicians not to enact an ad-hoc COLA. As CRFB President Maya MacGuineas explained...
