SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Consumer Price Index
for Elderly Consumers Act of 1998’’.
SEC. 2. CONSUMER PRICE INDEX FOR ELDERLY CONSUM-
ERS.
(a) IN GENERAL.—The Bureau of Labor Statistics
of the Department of Labor shall, for each month after
June 1998, prepare and publish an index to be known as
the ‘‘Consumer Price Index for Elderly Consumers’’ that
indicates changes over time in expenditures for consump-
tion which are typical for individuals in the United States
who are 62 years of age or older.
(b) INITIAL PUBLICATION OF INDEX.—The Bureau
of Labor Statistics shall prepare and publish the index re-
ferred to in subsection (a), for each month described in
such subsection that occurs before October 1999, not later
than 30 days after the close of the calendar quarter ending
on September 30, 1999.
SEC. 3. COMPUTATION OF COST-OF-LIVING INCREASES.
(a) AMENDMENTS TO TITLE II.—
(1) IN
GENERAL.—Section 215(i)(1) of the
Social Security Act (42 U.S.C. 415(i)(1)) is
amended—
(A) in subparagraph (D), by striking
‘‘Consumer Price Index’’ and inserting ‘‘Con-
sumer Price Index for Elderly Consumers’’; and
(B) in subparagraph (H), by striking
‘‘Consumer Price Index’’ and inserting ‘‘Con-
sumer Price Index for Elderly Consumers’’.
(2) APPLICABILITY
OF
TITLE
II
AMEND-
MENTS.—The amendments made by paragraph (1)
shall apply to determinations made by the Commis-
sioner of Social Security under section 215(i)(2) of
the Social Security Act (42 U.S.C. 415(i)(2)) with
respect to base quarters and cost-of-living computa-
tion quarters ending on or after September 30,
1999.
(b) AMENDMENTS TO TITLE XVIII.—
(1) IN GENERAL.—Title XVIII of such Act (42
U.S.C. 1395 et seq.) is amended—
(A) in section 1814(i)(2)(B), by striking
‘‘Consumer Price Index for All Urban Consum-
ers (United States city average)’’ and insert
‘‘Consumer Price Index for Elderly Consum-
ers’’;
(B) in section 1821(c)(2)(C)(ii)(II), by
striking ‘‘consumer price index for all urban
consumers (all items; United States city aver-
age)’’ and insert ‘‘Consumer Price Index for El-
derly Consumers’’;
(C) in section 1833(h)(2)(A)(i), by striking
‘‘Consumer Price Index for All Urban Consum-
ers (United States city average)’’ and insert
‘‘Consumer Price Index for Elderly Consum-
ers’’;
(D) in section 1833(i)(2)(C), by striking
‘‘consumer price index for all urban consumers
(U.S. city average)’’ and insert ‘‘Consumer
Price Index for Elderly Consumers’’;
(E) in section 1834(a)(14)(D), by striking
‘‘consumer price index for all urban consumers
(United States city average)’’ and insert ‘‘Con-
sumer Price Index for Elderly Consumers’’;
(F) in section 1834(h)(4)(A)(vi), by strik-
ing ‘‘consumer price index for all urban con-
sumers (United States city average)’’ and insert
‘‘Consumer Price Index for Elderly Consum-
ers’’;
(G) in section 1834(l)(3)(A), by striking
‘‘consumer price index for all urban consumers
(U.S. city average)’’ and insert ‘‘Consumer
Price Index for Elderly Consumers’’;
(H) in section 1834(l)(3)(B), by striking
‘‘consumer price index for all urban consumers
(U.S. city average)’’ and insert ‘‘Consumer
Price Index for Elderly Consumers’’;
(I) in section 1842(s)(1), by striking ‘‘con-
sumer price index for all urban consumers
(United States city average)’’ and insert ‘‘Con-
sumer Price Index for Elderly Consumers’’;
(J) in section 1882(p)(11)(C)(ii), by strik-
ing ‘‘Consumer Price Index for all urban con-
sumers (all items; U.S. city average)’’ and in-
sert ‘‘Consumer Price Index for Elderly Con-
sumers’’; and
(K) in section 1886(h)(5)(B), by striking
‘‘Consumer Price Index for All Urban Consum-
ers (United States city average)’’ and insert
‘‘Consumer Price Index for Elderly Consum-
ers’’.
(2) EFFECTIVE DATE.—The amendments made
by paragraph (1) shall apply with respect to deter-
minations made for periods ending after December
31, 1999.
Æ