Search Results for keywords:"cpi-e"

Search Results: keywords:"cpi-e"

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.
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.

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