- Passing The Guaranteed 3% COLA for Seniors Act will ensure retirees receive a fair cost-of-living adjustment (COLA) each and every year. America’s seniors spent their entire working lives paying into the Social Security system. They shouldn’t see the buying power of their benefits decrease over time.
Current Social Security COLA calculations are wholly inadequate. Greedy politicians in Washington use this as an excuse to allow disgracefully low COLAs in recent years. Our seniors earned no less than a 3% increase every year. This legislation is the best way to ensure they can have a financially secure retirement. - How can those in Washington even begin to justify no COLAs at all in 2010, 2011, and 2016? These wrongs must be made right.
Once The Guaranteed 3% COLA for Seniors Act is passed, it should be made retroactive to 2010. This means beneficiaries would be owed $10,970 to make up for the years of missing or low cost-of-living adjustments (COLAs). This is money they should have already received. It’s theirs. - Our plan will provide true financial security and peace of mind to millions of retired Americans. With so much going on in the world today, they have enough to cause them worry. With guaranteed COLAs, senior citizens can rest easy knowing they will receive at least a 3% Social Security increase each year.
How Our Plan Becomes a Reality
You can help NORA call on Congress to pass The Guaranteed 3% COLA for Seniors Act. Please, add your name to our petition. This is a great opportunity to make your voice heard. And please be sure to share our petition with as many people as you can on Twitter and Facebook. As the saying goes, the squeaky wheel gets the grease in Washington. The more names on our petition, the better chance politicians in D.C. will have no choice but to listen to the will of the people.
