February 5, 2010

Retirement Security

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President’s Budget Includes $250 Stimulus Payment for Social Security Recipients

President Obama’s Fiscal Year 2011 budget proposes a $250 payment to Social Security recipients.  The relief would come at a time when Social Security beneficiaries will not be receiving a normal cost-of-living adjustment (COLA) because of a formula that forbids adjustments during times of negative inflation.  “Without a COLA, far too many of America’s …

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