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Day two of David Pecker testimony wraps in NY Trump trial; Supreme Court hears arguments on Idaho's near-total abortion ban; ND sees a flurry of campaigning among Native candidates; and NH lags behind other states in restricting firearms at polling sites.

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The Senate moves forward with a foreign aid package. A North Carolina judge overturns an aged law penalizing released felons. And child protection groups call a Texas immigration policy traumatic for kids.

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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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