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The PV proposes treating ad hoc COLAs like automatic COLAs if they are not substantively different.
3 percent since the automatic COLA went into effect in 1975.
However, seniors failed to receive a Cost of Living Adjustment in 2010 for the first time since the Automatic COLA was introduced in 1975.
Automatic COLAs were adopted in 1975 so that benefits for people on fixed incomes would keep pace with rising prices.
Automatic COLAs were adopted so that benefits for people on fixed incomes would keep up with rising prices.
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