An immediate, mid-year 3.9% COLA (to make up for January’s miserable 0.3% increase) and future Social Security COLAs calculated using the Senior-friendly CPI-E! The Senior Citizen Association of America (TSCAA) is endorsing emergency legislation that has just been introduced in Congress on June 13th 2017. When passed, H.R.2896 “The Fair COLA for Seniors Act” would increase our Social Security COLAs in two ways.
(1.) It would give all Seniors and Retirees a mid-year 3.9% COLA increase (on average, about $39 per check) to make up for January’s tiny increase (which was about $3 per check.) (2.) It would also calculate our future Social Security COLAs on the more accurate Consumer Price Index for Elderly Consumers (CPI-E). The CPI-E is an inflation index which is much more realistic and very Senior friendly!
It is only a matter of time before Social Security “reform” [which means cuts to our benefits] is further debated in the House and Senate. We have already heard of proposals to drastically cut Medicare. Social Security is next.
But finally Seniors and Retirees like us have a very good opportunity to boost the amount of our monthly Social Security checks (about $39 on average) while protecting our future COLAs with the introduction of this bill – designed to give us peace of mind over what our annual cost-of-living-adjustment will be. NO MORE GUESSING! AND NO MORE CUTS!
My friend, H.R.2896 is the bills Senior Americans NEED PASSED INTO LAW!
I’m very concerned with the direction this Congress might take with what they call “entitlement reform” (to me that is Washington-speak for Social Security benefit cuts.)
For the last 6 months, radical changes to Social Security have been discussed such as raising the retirement age, delaying benefits to Retirees, and increasing taxes. But the real problem is Congress — Democrats and Republicans — who are addicted to SPENDING, no matter how much it damages the Trust Fund, or how much it HURTS SENIORS!
Seniors and Retirees must hold this Congress accountable for putting our Social Security COLAs, our peace of mind, and our security ahead of frivolous, pork-barrel spending.
I’m really angry because Congress’ spending spree has emptied the Trust Fund which is the reason we got just a tiny 0.3% COLA increase this year (as you know, it only about $3 per monthly Social Security check!)
And even with Republicans controlling the House and the Senate, they’ve failed to pass a budget that will “lock in” our Social Security and Medicare benefits we have earned and were promised.
*** FUTURE SOCIAL SECURITY BENEFIT CUTS ***
No money in the Trust Fund. Only paper IOUs. And the largest generation of retirees yet will soon be applying for Social Security… this is a disaster waiting to happen, thanks to Congress.
With the day fast approaching when the Trust Fund will have to pay out more benefits than it takes in with payroll taxes, Capitol Hill will be under incredible pressure to cut benefits, raise taxes, delay payments, or take benefits away from those who don’t need it (means testing).
The problem isn’t Senior Americans and Retirees… or even the size of our benefits or the amount of our cost of living adjustments. The real problem is Congress, who routinely spend OUR Social Security benefits instead of locking them away in the Trust Fund!
PLEASE NOTE: AS OF TODAY, CONGRESS CAN CUT OR ELIMINATE YOUR SOCIAL SECURITY BENEFITS AT ANY TIME AND FOR ANY REASON… (just like they did with your 2017 COLA)
Unfortunately, many Seniors don’t know that the Supreme Court has ruled that our Social Security benefits are, legally, the same as welfare. No matter how much Seniors and Retirees need and deserve the benefits we have earned and were promised… we truly have NO LEGAL GUARANTEE to them or our COLA.
Of course, the Politicians know how to game the system. They have been chipping away at our benefits for years. THIS MUST STOP!
That’s why Seniors urgently need a boost to our benefits and protections for our future Social Security COLAs – that’s why this new legislation is so important, here’s what does:
H.R.2896 “The Fair COLA for Seniors Act” would instantly increase our monthly Social Security check and protect our future COLAs.
It would give all Seniors and Retirees a mid-year 3.9% COLA increase (on average, about $39 per check) to make up for January’s tiny increase (which was about $3 per check.)
It would also calculate our future Social Security COLAs using the more accurate Consumer Price Index for Elderly Consumers (CPI-E). The CPI-E is an inflation index which is much more realistic and very Senior friendly!
Supporters and Senior Americans write me almost every day, telling me they are gravely concerned about the way Congress has taken and spent our Social Security benefits from the Trust Fund over the years. They tell me how hard it is to make ends meet from the disappointing COLA (about $3 per check) we got back in January (I agree, it was terribly unfair) and they ask me to work on their behalf to hold this Congress accountable.
But please know that Senior Citizens are a potent force when they raise their voices. And Senior Citizens have an historic opportunity to receive an instant increase (on average, about $39 per month) to their Social Security benefits once we get H.R.2896 signed into law.