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What Happened to My Social Security COLA?

What Happened to My Social Security COLA?

Dealing with the Impact on Beneficiaries and Budgets

During a Period Without COLAs

An AARP Solutions Forum

September 21, 2009

Union Station Columbus Club

Washington, DC

For the first time since 1975—when Social Security benefits were indexed to inflation—there will be no cost-of-living adjustment (COLA) next year.  Projected low inflation means that no COLAs are expected as well for 2011 and 2012. This forum features an expert discussion of:

  • How the Social Security COLA works and how the Medicare Part B premium is affected.
  • How inflation is measured for the COLA, and how the measure might be improved.
  • The impact of no COLA’s on state budgets.
  • Policy options to address the hardships Social Security beneficiaries may face.

Read a Transcript of the Forum

See the Webcast

Panel Discussion

Stephen C. Goss, Chief Actuary, Social Security Administration

How the COLA is calculated and alternative measures of inflation

Tricia Neuman, Vice President and Director of the Medicare Policy Project, Kaiser Family Foundation

The Social Security COLA and the Medicare Part B Premium: issues and options

Matt Salo, Director, Health and Human Services Committee, National Governors Association

The Impact on State Budgets

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