Seniors pledge to fight Social Security adjustments

Seniors and their advocates yesterday vowed an all-out battle against efforts by some key Democrats to trim Social Security cost-of-living adjustments as part of a deficit-reduction deal, warning that such a plan could overwhelm retirees who struggle to make ends meet.

The proposal would mean smaller increases for retirees and disabled people - about $130 less per year for the typical 65-year-old, according to the National Committee to Preserve Social Security and Medicare, which cited official estimates from the chief actuary of the Social Security Administration. Because lower increases would compound over time, the annual benefit cut would be almost $1,400 by the time a senior reaches 95, the committee said.

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