As you may know, our mission here at Council of Seniors to pass a bill called The SAVE Benefits Act in an effort to help give seniors back money that has been denied to them.
Over a period of years, the Social Security cost of living adjustment (COLA) was far too low or sometimes not even granted to seniors, causing them to miss out on $581 that belongs to them.
If you are part of the group of people who did not receive this money, you’re no doubt disappointed and frustrated. After working hard and paying into the Social Security Trust Fund for so many years, it isn’t right for even one penny to be kept from you.
But what exactly is in The SAVE Benefits Act bill? Here’s exactly how the text of the bill reads:
“This bill directs the Department of the Treasury to disburse a payment equal to 3.9 percent ($581) of the average amount of annual benefits to individuals who are entitled to a specified benefit under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.“
We Need Your Support to Show How Crucial This Bill Is
To put it mildly, things don’t exactly happen quickly in Washington. Given how long politicians have gotten away with withholding this money from seniors, the only way to get them to make passing this bill a priority is for people to rally around it and give their support.
Sure, there may be some good news on the horizon, given that the COLA for 2022 had a large increase, and the trend could continue in 2023. However, that doesn’t make up for the fact that seniors need to be reimbursed for the $581.
If you could take just a minute out of your day to sign our petition, we’d greatly appreciate it, and so would all of the hard-working people who have been denied this money.
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