Washington, DC--(ENEWSPF)--October 15, 2015. Today, Representatives Jan Schakowsky (IL-09), Doris Matsui (CA-06) and Patrick Murphy (FL-18), sponsors of H. Res 393 released the following statement after the Social Security Administration announced that there would not be a cost of living adjustment (COLA) for Social Security beneficiaries in 2016:
“Social Security is the bedrock of retirement security for millions of Americans. Two-thirds of seniors rely on their earned Social Security benefits for the majority of their income, 1 in 3 for virtually all of it. With the erosion of pensions . . .