Elderly-benefits bargaining chip

Social Security growth cap seen costing retirees more over time

Posted: December 20, 2012 at 4:22 a.m.

President Barack Obama’s offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for senior citizens worried that Democrats in Congress will break their promise to shield the retirement and disability program from cuts in deficit reduction talks.

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Front Section, Pages 7 on 12/20/2012


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