General Discussion

Benefit Enhancement for the Very Elderly and Others Who Rely on Social Security for Long Periods of Time

•The benefit enhancement would be equal to 5% of the average retiree benefit, or about $800 per year if the proposal were in effect today.

•It would phase in over 10 years, beginning at age 76, or (for other beneficiaries, such as those receiving Disability Insurance) in the 15th year of benefit receipt.

•The benefit enhancement would begin in 2020, phasing in over 10 years for those 76 or older (or in their 15th year of eligibility or beyond) in that year.

•Beneficiaries who continued to be on the program for an additional 10 years would be eligible for a second benefit enhancement, starting at age 95 in the case of a retired beneficiary.
Because of the benefit enhancement for the very elderly, the Budget proposal would not increase the poverty rate for Social Security beneficiaries, and would slightly reduce poverty among the very elderly according to SSA estimates.

http://www.whitehouse.gov/omb/budget/factsheet/chained-cpi-protections

That's all the "protections" that are detailed. Not even an increase for the bottom 20% like some are claiming. look like it's all based upon either the age of the recipient or the length of time they have been receiving benefits.