Monday, January 6, 2013 – 11:00 a.m.
Defined Benefit Pension adjustments and Social Security are set to slow in 2014.
The big factor? The official Depart of Labor inflation rate.
The inflation factor for the Riverside-San Bernardino-Los Angeles region was 0.40% from November 2012 to November 2013.
On a national level, the rate has been subdued, due to the way the government calculates and adjusts the basket of goods and services it measures. The final December reading will come out later this month.
Obviously, real inflation is much higher.
The lowe reading, while affecting benefit recipients, will help ease pressure on pension funds that have struggled to recoup losses from the real estate and financial market collapse of 2008.