Following is a page from the recent budget agreement. Read the second bullet carefully and then try and understand the accounting behind the change. Note that the cut in the rate of COLA is wiped out retroactively when the person turns 62. This is reminiscent of the game played with federal employees who were laid off temporarily, but received their back pay thereby turning a layoff into a vacation.
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Only government could get away with such nonsense and tell us about it with a straight face.
QUINNSCOMMENTARY 
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