Courtney-Backed Legislation to Bolster Social Security
Reports that a new bill would make the program more relevant by increasing benefits, changing COLA formula, and more
Washington – Today, Congressman Joe Courtney (CT-02) called attention to a January 30 Los Angeles Times column highlighting Congressman John Larson’s (CT-01) Social Security 2100 Act (H.R. 860) , a bill Courtney co-sponsored that would expand and enhance Social Security by increasing benefits for all retirees, improve cost-of-living increases by making changes to the cost-of-living adjustment (COLA) formula, and increase the minimum benefit for the lowest-income households.
“Yesterday was the 137th birthday of Franklin Roosevelt, the originator of America’s bedrock protection of the middle class: Social Security,” said Congressman Courtney. “The Social Security 2100 Act was introduced by Connecticut’s own John Larson, and would shore up Social Security solvency and protect benefits for the next 75 years and beyond. Yesterday’s LA Times story does a great job in outlining some of the highlights of the bill – from the increases in minimum benefits for low-income recipients such as retirees, orphans and the disabled, to cuts on the taxation of benefits, and reforms to the COLA formula that will better reflect a senior citizen’s budget.”
Congressman Courtney is an original co-sponsor of the Social Security 2100 Act, which was introduced on January 30, 2019. In his column for the Los Angeles Times column, Michael Hiltzik notes that the chief actuary of Social Security has stated that the Social Security 2100 Act would “ensure Social Security’s solvency for at least the next 75 years, but in practical terms into almost the limitless future.” A link to the column can be found HERE.