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View Diary: Obama pushes chained CPI in town hall meeting (358 comments)

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  •  benefits are based on you income averaged (0+ / 0-)

    over a 10 year period. Cost of Living increases are based on CPI. In 2009 and 2001 there was no inflation so there were no cost of loving increases for SS, but everyone got a on time check in 2009 for $250.00.

    When you are over 50 you should request a report year from SS of you estimated monthly benefit when you retire. The average amount quoted changes as you income changes ( goes up and down) and you will not know your exact benefit until you apply for your SS.

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