Comments on: Social Security COLA at Risk with Chained CPI Proposals http://www.todaysworkplace.org/2012/10/16/social-security-cola-at-risk-with-chained-cpi-proposals/ Sat, 18 May 2013 02:41:51 +0000 hourly 1 By: Marsha Sutryk http://www.todaysworkplace.org/2012/10/16/social-security-cola-at-risk-with-chained-cpi-proposals/comment-page-1/#comment-1016577 Marsha Sutryk Sat, 20 Oct 2012 18:07:15 +0000 http://www.todaysworkplace.org/?p=5966#comment-1016577 I must apologize for erroring in my comment earlier today regarding the COLA. I thought that the COLA was taken from the September 30 CPI-W which is 2.0. Further research indicates that the COLA is an averaging of the 3 months of the 3rd quarter. The sverage is 1.66, which, rounded up is 1.7, so it is correct. I guess I am paranoid, but that does not mean that they are not out to get us.

When you have a candidate running for President that looks straight at the camera and avows that he has been for or against something, and always has been, and the next week looks straight at the camera and says just the opposite, you do start to feel paranoid. Just because I am paranoid does not mean that they are not out to get us (just a little humor). Anyway, sorry for muddying the waters, but at least I learned something, and I passed along the information to all of you as to how they determine the COLA in the event you did not already know.

It, certainly, seems to me that the cost of living has gone up far more than 1.7 in the last year. What do you think?

Best regard,

Marsha Sutryk

]]> By: Marsha Sutryk http://www.todaysworkplace.org/2012/10/16/social-security-cola-at-risk-with-chained-cpi-proposals/comment-page-1/#comment-1016466 Marsha Sutryk Sat, 20 Oct 2012 15:29:24 +0000 http://www.todaysworkplace.org/?p=5966#comment-1016466 I hate to tell you this, but the CPI-W for the trailing 12 months in the October BLS is 2.0. The Chained CPI is 1.7. Somebody made a mistake. I am as angry as I csn be. Please check the BLS for yourself. You will find this information on page 4 of the BLS released at 8:30 a.m. on Tuesday, October 16, 2012.

I know that Senator Kaye Bailey Hutchinson has been pushing for using the Chained CPI, but I csnnot believe that the Democratic Senate would approve it. I am hoping that the 1.7 is a mistake. Nothing is open today, so I will be contacting the White House, my Senators and my Representative on Monday. Senator Hutchinson’s comment was that the Chained CPI would save a little money, and if the cost of beef went up the elderly could “go to” eating chicken. The Senator can “go to” h…

I have a Masters degree from Loyola University in Pastoral Studies. I worked for the Catholic Church at a very modest salary, and I have been a widow for 30 years. I guarantee you that I live on a shoestring. I, certainly, hope that they did not sneak something through the Congress. I did check the Social Security website and they are still saying that they use the CPI-W, but, as stated above, the CPI-W for the trailing 12 months at the close of the third quarter (September 30) is 2.0.

Best regards,

Marsha Sutryk

]]> By: Marsha Sutryk http://www.todaysworkplace.org/2012/10/16/social-security-cola-at-risk-with-chained-cpi-proposals/comment-page-1/#comment-1016463 Marsha Sutryk Sat, 20 Oct 2012 15:26:47 +0000 http://www.todaysworkplace.org/?p=5966#comment-1016463 I hate to tell you this, but the CPI-W for the trailing 12 months in the September BLS is 2.0. The Chained CPI is 1.7. Somebody made a mistake. I am as angry as I csn be. Please check the BLS for yourself. You will find this information on page 4 of the BLS released at 8:30 a.m. on Tuesday, October 16, 2012.

I know that Senator Kaye Bailey Hutchinson has been pushing for using the Chained CPI, but I csnnot believe that the Democratic Senate would approve it. I am hoping that the 1.7 is a mistake. Nothing is open today, so I will be contacting the White House, my Senators and my Representative on Monday. Senator Hutchinson’s comment was that the Chained CPI would save a little money, and if the cost of beef went up the elderly could “go to” eating chicken. The Senator can “go to” h…

I have a Masters degree from Loyola University in Pastoral Studies. I worked for the Catholic Church at a very modest salary, and I have been a widow for 30 years. I guarantee you that I live on a shoestring. I, certainly, hope that they did not sneak something through the Congress. I did check the Social Security website and they are still saying that they use the CPI-W, but, as stated above, the CPI-W for the trailing 12 months at the close of the third quarter (September 30) is 2.0.

Best regards,

Marsha Sutryk

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