Ask Rusty – About Computing COLA and Congressional Pay Increases

Ask Rusty – About Computing COLA and Congressional Pay Increases
Ask Rusty – About Computing COLA and Congressional Pay Increases

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

Dear Inquiring Mind: I’m happy to ex…