Benefit Security Coalition

WASHINGTON (AP) — Come January 2008, Social Security benefits for nearly 50 million Americans are going up 2.3 percent, the smallest increase in four years. It will mean an extra $24 per month in the average check, the government announced Wednesday.

The cost of living adjustment means that the monthly benefit for the typical retired worker in 2008 will go from $1,055 currently to $1,079 next year.

The adjustment, announced by the Social Security Administration, will go to more than 54 million Americans. Nearly 50 million receive Social Security benefits and the rest get Supplemental Security Income payments aimed at helping the poor.

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Despite our contacting more than 1.2 million Americans directly about social security COLAs, and receiving 90,832 responses urging the 109th Congress to pass bill HR 736, this legislation died in committees on Capitol Hill. Now HR 2987, the COLA Fairness Act of 2007, has been introduced. Please help us get this important legislation passed by signing our petition and supporting the Benefit Security Coalition.

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