Washington, DC- Nevada Senator Harry Reid released the following statement today announcing his intention to pass a cost-of-living adjustment for Social Security recipients when the Senate reconvenes in November:
“Millions of seniors rely on Social Security to make ends meet, especially in today’s troubled economy. While the Social Security Administration has announced that no COLA will be provided next year, it’s a decision I don’t agree with. Too many seniors are struggling to pay rising costs for basic necessities, even while their retirement savings and home values have taken real hits.
“Earlier this year I voted to provide seniors a $250 Social Security raise. While Republicans blocked our efforts to help seniors the last time, we cannot give up. That is why when the Senate reconvenes, we will give seniors in Nevada and across the country this badly-needed raise. I will be working hard to gain Senate passage for a proposal that ensures that America’s seniors are treated fairly.”