Bill Cosponsored By Higgins Providing Seniors with One-Time $250 Social Security Adjustment to be Considered This Week
Congressman Brian Higgins (NY-27) announced this week the House of Representatives will consider H.R. 5987, the Seniors Protection Act of 2010. The bill cosponsored by Congressman Higgins and introduced by Congressman Earl Pomeroy, also a member of the House Ways and Means Committee, will provide a $250 payment to Social Security recipients to offset a provision that calculates no cost of living adjustment (COLA) for seniors next year.
“It is backwards and unfair for seniors to be left with nothing, at a time when the cost of living on a fixed income is especially strenuous,” said Congressman Higgins. “It is important for the House to move forward and provide Western New York seniors with this needed relief.”
Since 1975, Social Security recipients have received annual cost of living adjustments (COLA) based on the consumer price index. A falling consumer price index, largely due to a decline in energy prices after previous highs, has created a situation where the existing formula calculates no cost of living increase for social security recipients in 2011.
Additional background information on Social Security COLAs is available at: https://www.socialsecurity.gov/cola/.
Approximately 140,000 seniors in Congressman Higgins’ district and over 540,000 people in Western New York receive Social Security.