From Today’s Disability Scoop:
A plan expected to be included in President Barack Obama’s budget proposal this week could change how Social Security benefits are calculated for people with disabilities.
Obama is reportedly set to include a proposal to change the way that annual cost-of-living adjustments for Social Security benefits are figured in the coming years. The plan — expected to be part of the budget road map the president is scheduled to release on Wednesday — is said to be a compromise in exchange for Republicans agreeing to new taxes in efforts to reduce the nation’s deficit.
The Social Security change known as “chained CPI” would have the effect of reducing the increases that Social Security and Supplemental Security Income beneficiaries typically receive year-over-year to account for inflation. Full story here: Change in Benefit Calculation in Proposed Budget