The budget agreement trimmed annual cost-of-living adjustments (COLAs) by one percentage point for military retirees under age 62. Once they reach 62, they'll receive their full benefits, including a catch-up for the years of lower COLAs.
Using the chained CPI, SSI initial payment levels would grow at a lower rate, meaning that a person's benefits would be cut even prior to application - and then would be cut a second time through lower COLAs.
[C2.] Coke Chief's Salary Is Set Lower Coca-Cola set the salary and bonus of its chief executive, E. Neville Isdell, at $4.5 million, less than his predecessor's.
Shares of Coca-Cola were lower, despite the report, falling 0.9% today.
Yesterday, blue chips fell amid earnings worries after Coca-Cola projected lower case volume sales.
In early 2016, UK volume sales were down 5%, while the lower-calorie Coca-Cola Life has flopped and in 2018 the sugar tax comes in.
"In addition, we should not fool ourselves that your negotiating partners will be satisfied with lowering Social Security COLAs or raising the Medicare eligibility age.
Shares of Coca-Cola were dragged lower as well, losing $3, to $48.9375.
In the fourth quarter of last year, sales of Aquafina rose 75percentt, compared with declining sales of Pepsi-Cola and a lower double-digit growth rate for Mountain Dew.
