Kanjorski
Co-Sponsored Bill to Help Change the Way Seniors COLA is Determined to More
Accurately Reflect Seniors' Costs
WASHINGTON - Today, Congressman Paul E. Kanjorski (PA-11) announced that the House
will soon vote to provide seniors with $250 one-time payments. The legislation responds to the Social
Security Administration's announcement today that seniors, veterans, and people with disabilities will not receive a
cost-of-living adjustment (COLA) in 2011 for their monthly Social Security,
SSI, VA Pension and Compensation, and Railroad Retirement benefits.
Congressman Kanjorski co-sponsored H.R. 5987, the Seniors
Protection Act of 2010, which would rectify this situation for many seniors who
continue to see ballooning medical costs even during these difficult economic
times. Congressman Kanjorski is also committed to ensuring that the cost of living adjustment
for Social Security recipients more accurately reflects the costs that many
seniors incur moving forward, and he has co-sponsored legislation for multiple
years that would change this.
"Many seniors have
expressed to me their concerns that they have not received any Social Security
increase to help them pay for rising costs and medical expenses," said
Congressman Kanjorski. "I strongly agree
that seniors face more expensive costs as many of them have to pay for
prescription drugs and medical treatments, in addition to other expenses. That is why I signed on to a bill that will help
protect our seniors and guarantee that they receive the full amount of Social
Security that they deserve each year. I
also strongly support legislation that the House will soon vote on to provide a
one-time payment to help seniors right now.
I understand the needs that our seniors face, and we cannot leave them
behind."
The cost of living adjustment is the
annual increase that seniors receive with their Social Security checks based on
inflation. Because costs have decreased
as a result of the difficult economic situation, the Social Security
Administration has not increased the Social Security cost-of-living adjustment.
Congressman Kanjorski helped
introduce H.R. 2365, the Consumer
Price Index for Elderly Consumers Act, which would help ensure that seniors
receive the cost-of-living increases annually that they deserve. While the amounts are determined by
inflation, the rate of inflation often does
not take into account that seniors tend to spend more money on out-of-pocket
expenses for medical care and prescriptions drugs, and that health care prices
tend to increase faster than other costs.
This legislation would make the Social Security cost of living
adjustments more accurately mirror the costs that seniors incur.
In
2009, Congressman Kanjorski supported the Recovery Act which included a
one-time $250 payment for nearly 55 million retirees, veterans, and
disabled individuals throughout the country.
The payment aimed to help recipients of Social Security and disability
benefits, among others, cover their expenses and help them cope with the
anticipated lack of a cost-of-living increase in 2010. Seniors did not receive a cost-of-living
increase in 2010 because of the economic situation.
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