Fair COLA Sought

Posted

SS SEN[ORE ne CZ= LEAGUE no ‘ Nay Fair COLA Sought (NAPSA}—Here’s refreshing news about COLAs-——the annual cost of ving adjustments made in Social Security payments. Legislation introduced by Representate Bernie Sanders (T- VT) may mean higher COLAs for American seniors. The legislation would use a senior “market basket” Consumer Price Index to determine the annual merease. “This legislation is especially timely because the Bush Social Security Pratization Commission may recommend future COLA cuts to pay for prate retirement accounts,” said Virginia Torsch, Thrector of Legislate Affairs for TREA Senior Citizens League. Currently COLAs are determined by the change in prices of goods and services used by younger Americans who de not spend ag much on health care as seniors, though health care costs have been growing by double digits. Torsch urges all seniors to contact their representates to ask him or her not only to reject COLAeuts, but to support “The Consumer Price Index for Elderly Consumers Act.” TSCL is a national group of politically acte seniors concerned about retirement benefits. Members participate in lobbying and public education campaigns to ensure governmental bodies le up to their commitments. For more information, send $1.06 for shipping and handling te: TREA Senior Citizens League, Dept. Ni0761, 909 N. Washington St., Suite 300, Alexandria, VA 22314, or visit: www.tsel org.