Title: Fair COLA for Seniors Act
Policy area: Social Welfare

Summary:
Fair COLA for Seniors Act
This bill bases cost-of-living adjustments on a price index that tracks the spending patterns of older consumers for specified benefits under the Civil Service Retirement System, the Federal Employees Retirement System, military retirement and survivor benefit programs, the Old-Age, Survivors, and Disability Insurance benefits program, and other specified veterans benefits programs.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1553 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1553

 To provide for cost-of-living increases for certain Federal benefits 
    programs based on increases in the Consumer Price Index for the 
                                elderly.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 6, 2019

 Mr. Garamendi (for himself, Mr. Cicilline, Mr. Khanna, Ms. Wasserman 
Schultz, Mr. Michael F. Doyle of Pennsylvania, Ms. Speier, Mr. Moulton, 
  Mr. Carson of Indiana, Mr. Yarmuth, Mr. Pocan, Mr. Fitzpatrick, Ms. 
    Pingree, Ms. Kaptur, Mr. Deutch, Ms. McCollum, Mr. Sablan, Mr. 
   McNerney, and Ms. Wild) introduced the following bill; which was 
  referred to the Committee on Ways and Means, and in addition to the 
   Committees on Veterans' Affairs, Oversight and Reform, and Armed 
Services, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
 To provide for cost-of-living increases for certain Federal benefits 
    programs based on increases in the Consumer Price Index for the 
                                elderly.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fair COLA for Seniors Act''.

SEC. 2. COST-OF-LIVING INCREASES FOR CERTAIN FEDERAL BENEFITS PROGRAMS 
              BASED ON INCREASES IN THE CONSUMER PRICE INDEX FOR THE 
              ELDERLY.

    Notwithstanding any other provision of law, whenever there is an 
increase in the Consumer Price Index for the elderly, published by the 
Bureau of Labor Statistics, the dollar amounts in effect for the 
payment of the following benefits, as such amounts were in effect 
immediately before the increase in the Consumer Price Index for the 
elderly, shall be increased by the same percentage as such price index 
was increased:
            (1) An annuity under the Civil Service Retirement System or 
        the Federal Employees Retirement System.
            (2) Department of Veterans Affairs wartime disability 
        compensation under section 1114 of title 38, United States 
        Code.
            (3) Department of Veterans Affairs additional compensation 
        for dependents under section 1115(1) of such title.
            (4) The Department of Veterans Affairs clothing allowance 
        under section 1162 of such title.
            (5) Department of Veterans Affairs dependency and indemnity 
        compensation to surviving spouse under subsections (a) through 
        (d) of section 1311 of such title.
            (6) Department of Veterans Affairs dependency and indemnity 
        compensation to children under sections 1313(a) and 1314 of 
        such title.
            (7) Military retirement and survivor benefit programs, as 
        defined in section 1461(b) of title 10, United States Code.
            (8) Any old-age, survivors, or disability insurance benefit 
        under title II of the Social Security Act.
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