Employment Law Updates | New Proposed Legislation
August 16, 2010
Seniors Protection Act of 2010 Introduced to Benefit American Seniors, Retired and Disabled Veterans, and Disabled Individuals
Seniors Protection Act of 2010
H.R. 5987, 7/30/2010
Ways and Means Social Security Subcommittee Chairman Earl Pomeroy (D-ND) has introduced H.R. 5987, The Seniors Protection Act of 2010.
The bill reportedly would assist 57 million American seniors, retired and disabled veterans, and disabled individuals with a one-time $250 payment that they deserve in the event that no inflation adjustment is announced this Fall.
According to the Subcommittee, Social Security benefit levels are quite modest – only $14,000 a year for the average retiree. Yet, the median income for senior households is a mere $24,000, reflecting just how much Social Security means to most elderly Americans. Six in ten…
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