Quote Originally Posted by Navaja View Post
They're already loosing the yearly cost of living adjustment.

But no, this is neither a Tax Increase nor a Benefits Reduction, it's only less pocket money for the retirees.
If I am not totally mistaken, the COLA is based on the difference of CPI-W between last year's 3rd trimester and this year's 3rd trimester. This year, the calculation results in a negative COLA but you can't decrease the benefits... ergo no increase this year. You'd have needed massive inflation before the end of September to get a COLA increase.

Yes, I know that the metric used for the calculation sucks as it doesn't represent the average shopping basket of a retiree. That works both ways, that means that for the last decade the retirees received living cost adjustments based on the price increase of goods they didn't buy.