Space Announces Vote On Relief For Seniors
Outraged by the Social Security Administration's expected announcement that there will not be a cost-of-living adjustment (COLA) in this year's benefits, Congressman Zack Space (OH-18) announced that a measure to provide relief for seniors will receive a vote on the House floor. The Seniors Protection Act, of which Space is a cosponsor, would provide a $250 check to seniors. This payment comes at a time when seniors are suffering from rising prices and need at least some relief.
"The decision not to give seniors a cost-of-living increase is mind-boggling. The Social Security Administration is clearly using a broken formula if they think seniors can afford to go without a COLA this year," Space said. "With our economy still suffering, Ohio's seniors can't afford to pay rising prices without some increase in their Social Security benefits. This bill will ensure they get at least some relief from this outrageous and misguided decision not to award a COLA."
The Social Security Administration is expected to announce today that there will be no COLA, based on its own formula that relies on data provided by the Bureau of Labor Statistics. House Leadership announced that the bill to provide a one-time $250 increase in benefits, H.R. 5987, will receive an up-or-down vote.
Congressman Space is also a cosponsor of the CPI for Seniors Act of 2010, H.R. 5305, which will change the formula used to calculate the COLA to better reflect the prices of goods and services seniors purchase.
"I have always fought hard to protect Social Security from Republican plans to privatize the system, raise the retirement age, or otherwise gamble with seniors' retirement plans," Space said. "Ohio's seniors rely on the benefits they have earned and the system they have paid into, and I am appalled that some politicians want to betray that trust."