WASHINGTON, Oct. 14 -- Sen. Kirsten Gillibrand issued the following press release:
80% of Social Security Recipients Say Similar COLA Would Not Adequately Compensate For Rising Cost Of Living
Washington, D.C. - Today, U.S. Senator Kirsten Gillibrand (D-NY) called for passage of her legislation to strengthen Social Security benefits following the release of the 2027 cost-of-living adjustment (COLA). The Social Security Administration (SSA) announced this morning that Social Security benefits will increase by 3.6% in 2027.
"Our seniors have spent a lifetime of hard work paying into Social Security, but their checks simply aren't keeping up with rising costs," said Senator Gillibrand. "This year's cost-of-living adjustment is not enough to ...