Increased Inflation Transparency in Social Security Projections
This bill aims to enhance transparency for social security beneficiaries. It mandates that social security account statements include 10-year inflation projections, helping citizens better plan their finances. Additionally, it clarifies that future benefit increases will be calculated using a different inflation index than the one projected.
Key points
Social security account statements will include 10-year inflation projections.
Inflation projections will be sourced from the Congressional Budget Office.
Explanation that benefit increases will be based on a different inflation index than the projections.
Expired
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