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Representatives Schakowsky, Matsui and Murphy on Social Security Administration Announcement of No Cost of Living Increase For Beneficiaries

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 . . .

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