New Bill in Congress Would Give 37 Million Seniors $415 SS Increase !!

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Emergency COLA Bill Would Boost 2010 COLA from Zero to Three Percent

WASHINGTON--(Business Wire)--

A new bill introduced in the U.S. House of Representatives would give the

average beneficiary an additional $415.20 in Social Security payments in 2010, a

boost of $34.60 per month.

Without such intervention, the Congressional Budget Office (CBO) forecasts that

seniors will see no increase in next year`s checks.

The Emergency COLA Bill (H.R. 3557), encouraged and promoted by TSCL from the

beginning, was introduced earlier this week by Rep. Walter (R-NC). The

bill would provide a COLA for 2010 equal to the average of the COLA over the

past ten years. That average is roughly three percent.

In June, The Senior Citizens League (TSCL) became the first national group to

call for an Emergency COLA for 2010. In addition to Rep. ` bill, Vermont

Sen. Bernie announced plans to introduce an Emergency COLA bill,

possibly later this month.

" Our nation`s seniors will no doubt be grateful to Rep. for introducing

legislation that will help them keep up with inflation, " said O`Connell,

TSCL chairman. " But the work has just begun - we need every senior citizen to

immediately contact their entire Congressional delegation and encourage them to

pass the Emergency COLA Bill. "  

 

http://www.reuters.com/article/pressRelease/idUS103960+17-Sep-2009+BW20090917 

God Bless !!

dragonflymcs

Mayleen