MYTH:“Chained CPI would cut the 2014 Social Security cost-of-living increase of 1.5 percent to 1.2 percent.” - Robert Romasco, president of AARP FACT:If the more accurate chained CPI was used to determine the ...

Included in the President’s budget proposal was a change to the way Social Security measures inflation – moving from the current measure to the chained Consumer Price Index.  As Treasury Secretary Lew stated during his testimony before the ...