tion during such entitlement of benefits based on such 
participant’s wages and self-employment income.’’. 
SEC. 4. CPI-INDEXED BENEFITS FOR PART A BENE-
FICIARIES OTHER THAN DISABILITY BENE-
FICIARIES. 
(a) COMPUTATION
OF
BEND
POINTS.—Section 
215(a)(1)(B) of the Social Security Act (42 U.S.C. 
415(a)(1)(B)) is amended—
(1) by redesignating clause (iii) as clause (vi); 
(2) in clause (ii), by striking ‘‘For individuals’’ 
and inserting ‘‘Subject to clause (iii), for individ-
uals’’; 
(3) by inserting after clause (ii) the following 
new clauses: 
‘‘(iii) For individuals who initially become eligible for 
old-age insurance benefits, or who die (before becoming 
eligible for such benefits), in any calendar year after 2012, 
each of the amounts so established under the preceding 
provisions of this subparagraph shall be equal to the prod-
uct derived by multiplying such amount (as determined 
before the application of this clause) by the quotient de-
rived by dividing—
‘‘(I) the applicable change in the CPI for the 
first of the 2 preceding calendar years, by
‘‘(II) applicable change in the national average 
wage index for the first of the 2 preceding calendar 
years. 
‘‘(iv) For purposes of clause (iii)(I), the term ‘appli-
cable change in the CPI’ for a calendar year means the 
excess of—
‘‘(I) the arithmetical mean of the Consumer 
Price Index for Urban Wage Earners and Clerical 
Workers (issued by the Bureau of Labor Statistics) 
for the 12 months in such calendar year, over 
‘‘(II) the arithmetical mean of such Consumer 
Price Index for the 12 months in calendar year 
2011. 
‘‘(v) For purposes of clause (iii)(II), the term ‘appli-
cable change in the national average wage index’ for a cal-
endar year means the excess of—
‘‘(I) the national average wage index (as de-
fined in section 209(k)(1)) for such calendar year, 
over 
‘‘(II) the national average wage index (as so de-
fined) for calendar year 2011.’’; and 
(4) in clause (vi) (as redesignated), by striking 
‘‘under clause (ii)’’ and inserting ‘‘under the pre-
ceding provisions of this subparagraph’’.
(b) SUBSTITUTION OF CPI FOR NATIONAL AVERAGE 
WAGE INDEX IN COMPUTING AVERAGE INDEXED MONTH-
LY EARNINGS.—
(1) IN GENERAL.—Section 215(b)(3) of such 
Act (42 U.S.C. 415(b)(3)) is amended—
(A) in subparagraph (A)(ii)(I), by striking 
‘‘national average wage index (as defined in sec-
tion 209(k)(1))’’ and inserting ‘‘national aver-
age 
wage 
index 
(as 
defined 
in 
section 
209(k)(1)) (for determinations of disability in-
surance benefits and other benefits based on 
the wages and self-employment income of an in-
dividual entitled to disability insurance benefits) 
or the consumer price index (for determinations 
of other benefits)’’; 
(B) in subparagraph (A)(ii)(II), by striking 
‘‘national average wage index (as so defined)’’ 
and inserting ‘‘national average wage index (as 
so defined) (for determinations of disability in-
surance benefits and other benefits based on 
the wages and self-employment income of an in-
dividual entitled to disability insurance benefits) 
or the consumer price index (for determinations 
of other benefits)’’;
(C) by redesignating subparagraph (B) as 
subparagraph (C); and 
(D) by inserting after subparagraph (A) 
the following new subparagraph: 
‘‘(B) For purposes of this paragraph, the term ‘con-
sumer price index’ for a calendar year means the arithmet-
ical mean of the Consumer Price Index for Urban Wage 
Earners and Clerical Workers (issued by the Bureau of 
Labor Statistics) for the 12 months in such calendar 
year.’’. 
(2) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply with respect to the av-
erage indexed monthly earnings of individuals at-
taining age 62, or dying before attaining such age, 
on or after January 1, 2012. 
SEC. 5. MAINTENANCE OF ADEQUATE BALANCES IN THE 
SOCIAL SECURITY TRUST FUNDS. 
(a) IN GENERAL.—Section 201 of the Social Security 
Act (42 U.S.C. 401) is amended by adding at the end the 
following new subsection: 
‘‘(n) In addition to amounts otherwise appropriated 
under the preceding provisions of this section to the Trust 
Funds established under this section, there is hereby ap-
propriated for each fiscal year to each of such Trust 
Funds, from amounts in the general fund of the Treasury