Bill would ensure Social Security benefits keep pace with inflation
WASHINGTON–(ENEWSPF)–May 22, 2014. Oregon’s Senator Jeff Merkley today introduced the Fair Raises for Seniors Act in the Senate that would increase Social Security benefits for seniors by changing the cost of living adjustment (COLA) formula to keep up with inflation. The current formula fails to account for the fact that seniors spend more of their income on health care, housing and heating fuel than the…
