Benefit Security Coalition

Social Security makes it official: No COLA in 2010

There will be no cost of living increase for more than 50 million Social Security recipients next year, the first year without a raise since automatic adjustments were adopted in 1975.

Blame falling consumer prices. By law, cost of living adjustments are pegged to inflation, which is negative this year, the government said Thursday, because of lower energy costs. Social Security payments do not go down, even when prices drop.

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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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