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Letter to the editor: Watch out for 'chained CPI'

12:22 PM, Mar. 20, 2013  |  Comments
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To the editor:

Anyone interested in their Social Security benefits should be made aware of a plan called "Chained CPI." Advocates of Chained CPI say that it is a technical adjustment to better determine the cost of living. Chained CPI would reduce Social Security benefits and as we grow older the impact would be significant.

Can you find lower drug prices? Lower health care? Lower food prices? Lower utility bills? Chained CPI claims you can change to a lower cost substitute and, therefore, your Social Security benefits can be decreased. Most likely you are already choosing the lower price on items for which you actually have a choice.

This program would negatively impact senior men and women who tend to have higher health care costs and senior women who tend to live longer.

Social Security is a self-funded program, and it is imperative that we continue inflation protection for current and future beneficiaries.

Loreli Dickinson

Oconto

(AARP Wisconsin

Volunteer Advocate)

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