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 2014 cost of living increase, seniors would see a 1.7 ...

The Social ...

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 Ways and Means Committee on the President’s ...