57°F
weather icon Mostly Cloudy

Payments proposed in lieu of benefit raise

WASHINGTON -- A House bill introduced Friday by Rep. Dina Titus of Nevada and nine other Democrats would provide a $250 payment to Social Security recipients if they do not qualify for an automatic cost-of-living raise this year.

The Social Security Administration is expected in the fall to announce there will be no cost-of-living adjustment in 2011, the second consecutive year of no increase in the benefit.

The Democratic bill would provide a one-time $250 payment to cushion seniors, said Titus, up for re-election. Rep. Earl Pomeroy, D-N.D., the main sponsor, said 57 million people would get checks.

"The overall cost of living may not have increased, but costs that disproportionately affect seniors, such as health care, have continued to rise," Titus said.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Disneyland may soon move to dynamic pricing, Disney CFO says

A new airline-style demand pricing model recently adopted by Disneyland Paris that rewards visitors who book early and punishes those who wait too long to buy tickets may soon be coming to Disneyland and Disney California Adventure.

MORE STORIES