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Elizabeth Warren proposes one-time $580 raise for Social Security recipients

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Sat, 07 Nov 15 5:57 PM | 80 view(s)
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Brilliant!

Elizabeth Warren proposes one-time $580 raise for Social Security recipients
The 3.9 percent increase would be the same as top CEOs got

last year. NOVEMBER 5, 2015 | 8:06 PM
BY NIK DECOSTA-KLIPA @NIKDECOSTAKLIPA

The payment would equate to a 3.9 increase in Social Security payments—the same rate of increase that CEOs at the top 350 U.S. firms got in 2014.

The bill is co-sponsored by 18 other Senate Democrats, including Massachusetts junior Sen. Edward Markey and Vermont Sen. Bernie Sanders.

Next year will be just the third time since the cost-of-living adjustment went into effect in 1975 that recipients will not get the annual raise, which adjusts the amount Social Security pays out to account for inflation. However, largely due to decreased gas prices, inflation (as measured by the Social Security Administration) actually declined this year.

more:
http://www.boston.com/news/local/massachusetts/2015/11/05/elizabeth-warren-proposes-one-time-raise-for-social-security-recipients/J9lb4iTVpEG6VltKc7zdyM/story.html




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