Press Release
RetireSafe Slams Chained COLA as an Insidious Stealth Effort to Cheat Seniors and Cut Benefits! - Tuesday, December 17, 2013

RetireSafe President Thair Phillips today slammed the continued discussion of using a chained CPI and a resulting “chained COLA” for Social Security and military retiree benefits. “It will chain seniors to poverty,” Phillips said. “The chained CPI and the chained COLA cheats older Americans through an insidious process of understating inflation for them, thus making their benefits more inadequate to deal with inflation each year,” he noted.

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