Chained CPI Coalition
FRA attended a press
conference this week hosted by Senator Bernie Sanders (
Federal deficit reduction discussions have focused in part on swapping the CPI with the so-called “chained CPI” that takes into account the effect of substitutions that consumers make in response to changes in prices. Over time change could significantly impact annual Cost-of-Living-Adjustments (COLAs) for retirees and veterans benefits. FRA is committed to ensuring equitable COLAs for military retiree’s retainer pay, veteran’s disability compensation, dependency and indemnity compensation for surviving spouses and children.