A new Social Security 'notch'?

Biggs, Andrew C. “A new Social Security 'notch'?”. Issue in Brief 10-9, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, May 2010. http://hdl.handle.net/2345/bc-ir:104671.
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Abstract

The brief's key findings are: (1) Social Security beneficiaries received no COLA this year, they are still ahead of the game. (2) The reason is that they received a larger-than-usual COLA in 2009, which took effect right after prices dropped due to the economic crisis. (3) But individuals who turned 62 in 2009 are not so lucky – their benefits will likely be lower than older and younger recipients due to a quirk in the benefit formula. (4) To prevent such a 'notch,' policymakers could increase benefits for the 1947 group and modify the benefit formula to prevent a recurrence in the future.

Title
A new Social Security 'notch'?: Bad news for people born in 1947
Author
Biggs, Andrew C.
Center
Center for Retirement Research
Genre
report
Date Issued
May 2010
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
10-9
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104671
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Social Security

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