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Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

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Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

New COLA Calculations Could Cost Seniors

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Monday, February 25, 2013   

SIOUX FALLS, S.D. - A proposed recalculation of Cost of Living Adjustments (COLA) for Social Security benefits would add up for seniors in the coming years.

According to Sarah Jennings, state director of AARP-South Dakota, it is not a minor change that's being talked about.

"Seniors right here in South Dakota would lose over $300 million over ten years if the change is made. So, when you hear folks in Washington talking about a little 'tweak' to a benefit, or a way of calculating a benefit, make sure that you realize it's no tweak," Jennings emphasized.

She said many South Dakota seniors rely on every penny of their benefits just to survive.

The proposed "chained CPI (Consumer Price Index)" calculates the rise in the cost of living by "chaining" costs within categories of products, using lower-priced items to create a lower average rise than that now figured with the standard CPI as used for years.

According to the Department of Veterans Affairs, South Dakota was home to 76,000 veterans in 2011. Using data from the Departments of Veterans Affairs and Defense, Jennings said, AARP calculates that adoption of the chained CPI would result in South Dakota's veterans losing a lot over the next few years.

"Some of the calculations looking at a 30-year-old veteran with severe disabilities could see his benefits reduced annually over $1400 at the age of 45," she declared. "Then that rises to over $3000 by the age of 65, and that is real money to all of us. And so, if anyone says that's not a cut, I don't know where they are doing their math."

Jennings said any discussion of reforms to Social Security should be held separately from any "fiscal cliff" or "sequestration" deals.

"We absolutely don't think that we should be making any adjustments to these programs as part of a budget discussion, especially because, in the case of Social Security, Social Security didn't get us in to this budget situation," Jennings stated. "We all pay into that program now, and we should get the benefits that we were promised when we are eligible."

Jennings says the average monthly benefit for South Dakota seniors is about $1100 a month, and for 20 percent of seniors, it is their only income.


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