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Bill to guarantee COLA increase introduced in Congress
Congressman Bruce Poliquin (R) of Maine has introduced a new bill to guarantee recipients of Social Security and VA benefits a 1.5% COLA increase in 2018. COLAs (Cost Of Living Adjustments) have been at historically low levels in recent years, and Rep. Polquin’s bill aims to provide some temporary recourse to seniors and military retirees by selling unused Federal real estate and using the proceeds to provide the guaranteed one-time increase next year, as this article appearing at the WAGMTV (Maine) website explains. Click here to read more.
The Association of Mature American Citizens (AMAC) has for years been promoting its Social Security Guarantee, which includes a permanent COLA minimum of 1% to 4% (depending on income) as part of an overall plan to restore solvency to this vital program. AMAC has been discussing and continues to discuss this common-sense solution with Congressional Representatives in its efforts to protect America’s senior citizens who rely on Social Security. To review AMAC’s Social Security Guarantee, click here.