As part of his efforts to preserve Social Security for Ohio seniors, Congressman Zack Space (OH-18) today co-sponsored a bill that would provide $250 checks to seniors who depend on Social Security at a time when prices for their needs are rising.
"We can't leave seniors' benefits up to chance. With prices for things like medicine on the rise, Ohio's seniors need some relief," Space said. "While prices for daily needs have gone up, seniors' incomes from their investments, the interest on their savings, and the value of their homes have all suffered. I'm not going to stand by while seniors' benefits stagnate, and this bill makes sure we're doing something to help."
The Seniors Protection Act of 2010, H.R. 5987, will provide $250 in additional benefits to seniors if the Social Security Administration takes the outrageous action of not announcing a cost-of-living adjustment. The bill would affect 57 million seniors, providing them with relief at a time when some costs are rising while many seniors' investments are earning less money than usual.