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Proposed Social Security Fix Could Cut Benefits

As President Bush considers ways to reform the Social Security system, he's said to be considering a plan that would reduce benefits for retirees. Many people on both sides of the Social Security debate believe the administration is seriously considering indexing benefits according to inflation rates rather than current prevailing wages. NPR's Jim Zarroli reports.

Copyright 2005 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.