Search Results for keywords:"consumer price index for elderly consumers"

Search Results: keywords:"consumer price index for elderly consumers"

H. R. 8044 — To amend title II of the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living adjustments under titles II, VIII, and XVI of the Social Security Act, and for other purposes.
April 17, 2024
Status:Introduced in House
Congress:118
Words:1,137
H.R. 8044, titled the “Boosting Benefits and COLAs for Seniors Act,” is a bill that proposes changes to the way Social Security cost-of-living adjustments (COLAs) are calculated. It requires the Social Security Commissioner to use the Consumer Price Index for Elderly Consumers (CPI-E) to...
Simple Explanation
H.R. 8044 is a bill that wants to change how Social Security gives extra money to older people to help them keep up with rising prices. It says to use a special number just for seniors' expenses to decide how much more money they should get each year.
S. 5017 — To improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations.
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September 11, 2024
Status:Introduced in Senate
Congress:118
Words:7,795
The bill, S. 5017, aims to improve the retirement security of American families by increasing Social Security benefits. It proposes adjustments to the way benefits are calculated, lifts the minimum benefits for long-term low earners, and eliminates waiting periods for...
Simple Explanation
The bill S. 5017 wants to give older people in America more money when they stop working by changing the rules on how much they get and getting money from a new tax. It also tries to make sure this extra money doesn't take away their other help like healthcare, but some parts of the plan are a bit tricky and might need more explanation to understand.
S. 3974 — To amend title II of the Social Security Act to require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living adjustments under titles II, VIII, and XVI of the Social Security Act, and for other purposes.
March 19, 2024
Status:Introduced in Senate
Congress:118
Words:1,123
S. 3974 proposes changes to how cost-of-living adjustments for Social Security are calculated, aiming to make these adjustments more accurate for older adults. The bill suggests using the Consumer Price Index for Elderly Consumers instead of the current index to determine...
Simple Explanation
S. 3974 is a suggestion for changing how Social Security payments keep up with rising costs by using a special measure that looks at what older people actually spend money on, to make sure their payments stay fair and helpful.
S. 4877 — To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program.
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July 31, 2024
Status:Introduced in Senate
Congress:118
Words:3,304
The bill S. 4877, known as the "Protecting and Preserving Social Security Act," aims to improve Social Security programs by introducing several key changes. It proposes the creation of a new Consumer Price Index for Elderly Consumers to better calculate cost-of-living...
Simple Explanation
The Protecting and Preserving Social Security Act is a plan to make Social Security better by changing how they figure out money for older people, and they're making sure that people who work and earn a lot after 2024 get the right amount of benefits.

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