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That entitles you to a much higher lifetime benefit, and this benefit is adjusted for inflation.
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Social Security benefits are adjusted for inflation, but the adjustments can go both up and down.
At this point, the initial benefits were adjusted.
The quantification method for the benefits was adjusted based on data availability.
Some students opt to work fewer hours per week, and their salary and tuition benefits are adjusted accordingly.
Social Security benefits are adjusted for inflation, but those substantially reduced amounts would be her base benefit for life.
Mr. Moynihan has long advocated raising the age at which retirees can claim benefits and trimming back the rate at which benefits are adjusted for inflation.
"Freezing or capping benefit levels and changing the way benefits are adjusted over time means that living standards of people more dependent on benefits will fall relative to the rest of the population.
Economists refer to this notion by speaking of "discount rates", the rate at which future costs and benefits are adjusted in order to make them comparable with those today.
President Obama's budget includes a controversial — at least on the left — change in the way Social Security benefits are adjusted for inflation that would save the government about $130 billion over 10 years, but would reduce payments for tens of millions of Americans over time.
It's determined by the rate on triple-A paper specifically, inflation-protected paper, since benefits are adjusted for the cost of living.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com