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Congress Mulls Giving Extra Benefits to Social Security Members

September 21, 2009

The US Congress is considering giving additional benefits to Social Security members who may not receive their annual inflation-based increase next year.

While the inflation rate in the US is predicted to remain stagnant or at least low, some lawmakers believe that beneficiaries should receive an increase due to the rising cost of healthcare services and medicine.

Rep. Brian Higgins, D-Buffalo, who is a member of the House Ways and Means Committee, said Congress is already taking steps on how to address the issue.

“Congress is discussing ways on how to make up for the lack of additional benefits next year. It is clear that several members want to provide any kind of extra assistance to people”, Higgins said.

Meanwhile, the take-home pay may shrink for some retirees who are receiving Medicare and Medicaid assistance or those who have annual incomes of more than $86,000 or $170,000 for a couple.

One of the most viable options for congressmen is a 3-percent increase in benefits or a small one-time payment of up to $250 to every Social Security beneficiary.

According to government data, more than 50 million Americans who are mostly retirees and disabled workers are depending on Social Security benefits.

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