S 3974
Boosting Benefits and COLAs for Seniors Act
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- Passed Senate
- Passed House
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Bill overview
This bill, the Boosting Benefits and COLAs for Seniors Act, aims to improve the accuracy of cost-of-living adjustments (COLAs) for Social Security benefits. Specifically, it directs the Social Security Administration to use the Consumer Price Index for Elderly Consumers (CPI-E) instead of the standard CPI-W when calculating COLAs. The bill also adjusts how COLAs are determined for benefits received before 1979 and clarifies how other laws that use similar COLAs will be applied.
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Primary sponsor
Robert P., Jr. Casey
Cosponsors
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