Now Playing:

Ask Rusty – About Computing COLA and Congressional Pay Increases

November 15, 2021 | Presenting: Russell Gloor - AMAC Foundation Social Security Advisor

Dear Rusty: What determines the amount of the cost of living increase for Social Security as compared to the cost of living increase for Congress? Last year Social Security got less than 2 percent, while Congress got a 10 percent cost of living increase. Why the double standard? What items are used to determine the cost of living increase? Signed: Inquiring Mind

This recording presents the viewpoints of the AMAC Foundation’s Social Security Advisory Staff, trained and accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). NSSA and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government. To request additional information, contact our Advisory Staff at 888-750-2622, or email us at [email protected].