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Fair COLA Act Reintroduced
Minnesota Congressman Rick Nolan on Friday reintroduced the Fair COLA for Seniors Act legislation (H.R.2896) calling for a one-time, 3.9% mid-year cost of living adjustment (COLA) in the benefits of 59 million Social Security recipients. In a statement posted on his website, Nolan indicates that “The 3.9% payment, which coincides with the average salary increase the heads of America’s 350 largest corporations received from 2013 to 2014, would make up for the fact that Social Security recipients, including more than 100,000 in the 8th District, received a cruelly inadequate automatic adjustment at the onset on 2017.” Read his post here…
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