Ease-off proposed in rate of social security indexing

Congressional Budget Office Director Alice Rivlin told the House Budget Committee the federal government could save $28 billion a year by 1987 through indexing cost-of-living increases in federally funded retirement benefits to two-thirds of the inflation rate rather than the current 100 percent.

Administration efforts last year to achieve cuts in social security spending were widely opposed.

You've read  of  free articles. Subscribe to continue.