Retirees and cost of living adjustment
Voted on by the RTC on November 10 as recommendations to Ad Com, The Executive Board and the Delegate Assembly, for their consideration.
WHEREAS Retirees under Social Security will not receive a cost of living (COLA) increase for 2010 due to the negative inflation rate caused by the recession; and
WHEREAS there is a need to stimulate the economy and at the same time provide retirees with financial assistance due to a lack of COLA for next year; therefore be it
RESOLVED that we urge Congress in line with President Obama’s request to authorize a second $250 stimulus check to be sent out early next year to all Social Security recipients; and be if further
RESOLVED that we express our thanks to President Obama for his request for a $250 check to be sent to retirees in 2010 in lieu of the fact that they will not be receiving a COLA next year.