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Could This Impact Va Cola?
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Vync
Proposed 1% reduction in annual Social Security COLA?
I'm not a lawyer, but saw this in the news and was curious if it could impact VA COLA --- if it somehow was signed into law. I know Bachman took some heat recently for publicly announcing the desire to cut VA benefits, but quickly realized it was a mistake. This could be one of those situations where Hutchison does not realize that this proposal might have cascading effect into VA benefits.
Senator Kay Bayley Hutchison (R-Texas) proposed her "Defend & Save Social Security Act"
Key provisions, if passed:
- Gradually increase retirement age (over 16 years) to 69
- Institute a one percent reduction in the annual Social Security COLA
- More details are in the links below
Link to the Senator's site
http://hutchison.senate.gov/?p=press_release&id=615
Link to the actual text of the bill
http://hutchison.senate.gov/files/documents/SS%20Bill%20Text%20-%20FINAL.pdf
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