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A push for a better COLA calculation…and a catch-up payment

Despite recent indications of a potential rise (slight) from the 2.5% COLA projections for next year, the concerns continue to surface about the inadequacy of the living cost adjustment. According to a post by Matt Durr on mlive.com, The Senior Citizens League (TSCL) has been vocal on the issue, and has discussed the need for a calculation method “…more representative of seniors’ experiences.” As noted in the article, TSCL has also stated that seniors are calling for a “catch-up” adjustment to compensate for the loss of buying power resulting from previous inadequate adjustments. Read the Durr article in full here...

The actual COLA for 2026 will not be known until October of this year. In the meantime, it’s likely that there will be considerable dialogue across the media airwaves about how best to address the current process and the perceptions of its inadequacy.

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