Also, the vast, vast majority of people impacted by the COLA are on RIB, although a smaller number are on DIB, meaning they did work, paying into a system which requires COLA be applied. As such, those workers are now receiving the equivalent of raises.
2 comments:
"fixed" income. Meanwhile, people that actually work, do NOT get raises.
@8:10
Average wage increases historically exceed COLA.
https://www.ssa.gov/oact/cola/awidevelop.html
Also, the vast, vast majority of people impacted by the COLA are on RIB, although a smaller number are on DIB, meaning they did work, paying into a system which requires COLA be applied. As such, those workers are now receiving the equivalent of raises.
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