H.R.1585 - Guaranteed 3% COLA for Seniors Act of 2013

To require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act and to provide, in the case of elderly beneficiaries under such title, for an annual cost-of-living increase which is not less than 3 percent. view all titles (2)

All Bill Titles

  • Official: To require the establishment of a Consumer Price Index for Elderly Consumers to compute cost-of-living increases for Social Security benefits under title II of the Social Security Act and to provide, in the case of elderly beneficiaries under such title, for an annual cost-of-living increase which is not less than 3 percent. as introduced.
  • Short: Guaranteed 3% COLA for Seniors Act of 2013 as introduced.

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04/16/13
 
 
 
 
 
 
 

Official Summary

Guaranteed 3% COLA for Seniors Act of 2013 - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals

Official Summary

Guaranteed 3% COLA for Seniors Act of 2013 - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals in the United States age 62 or older. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to:
(1) require the use of such index to compute cost-of-living increases for Social Security benefits; and
(2) provide, in the case of individuals who have attained age 62, for an annual cost-of-living increase of at least 3%.

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