Seniors' Security Act of 2017

Bill: 115-hr-4076
Sponsor: full_name: Rep. Norcross, Donald [D-NJ-1]
Introduced: 2017-10-16
Policy area: Social Welfare
Subjects: Government employee pay, benefits, personnel management

Health care costs and insurance

Inflation and prices

Medicare

Military personnel and dependents

Social security and elderly assistance

Veterans' pensions and compensation
Latest action: action_date: 2017-11-16
text: Referred to the Subcommittee on Military Personnel.

Summaries:
action_date: 2017-10-16
action_desc: Introduced in House
text: <p><b>Seniors'</b><b> Security Act of 201</b><b>7</b></p> <p class="MsoNormal">This bill requires the use of&nbsp;a Consumer Price Index for Elderly Consumers (CPI-E) to calculate certain cost-of-living adjustments&nbsp;with respect to&nbsp;the Old Age, Survivors, and Disability Insurance benefits program and certain other federal retirement benefits. The Department of Labor&nbsp;must prepare and publish the CPI-E for each calendar month.</p> <p>The bill&nbsp;also limits certain increases&nbsp;in&nbsp;Medicare premiums.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4076 IN THE HOUSE OF REPRESENTATIVES October 16, 2017 Mr. Norcross introduced the following bill; which was referred to the Committee on Ways and Means , and in addition to the Committees on Education and the Workforce , Energy and Commerce , Armed Services , and Oversight and Government Reform , 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 amend title II of the Social Security Act to provide for cost-of-living adjustments indexed to the Consumer Price Index for the Elderly, and for other purposes.

1. Short title This Act may be cited as the Seniors’ Security Act of 2017 . 2. Use of Consumer Price Index for the Elderly for cost-of-living adjustments of social security benefits (a) In general Section 215(i)(1) of the Social Security Act ( 42 U.S.C. 415(i)(1) ) is amended by adding at the end the following new subparagraph: (H) the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . (b) Application to pre-1979 law (1) In general Section 215(i)(1) of the Social Security Act as in effect in December 1978, and as applied in certain cases under the provisions of such Act as in effect after December 1978, is amended by adding at the end the following new subparagraph: (D) the term Consumer Price Index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor). . (2) Conforming change Section 215(i)(4) of the Social Security Act ( 42 U.S.C. 415(i)(4) ) is amended by inserting and by section 2 of the Seniors’ Security Act of 2017 after 1986 . (c) Publication of Consumer Price Index for Elderly Consumers The Bureau of Labor Statistics of the Department of Labor shall prepare and publish the index authorized by section 191 of the Older Americans Amendments Act of 1987 ( 29 U.S.C. 2 note) for each calendar month, beginning with July of the calendar year following the calendar year in which this Act is enacted, and such index shall be known as the Consumer Price Index for Elderly Consumers . (d) Effective date The amendments made by this section shall apply to determinations made with respect to cost-of-living computation quarters (as defined in section 215(i)(1)(B) of the Social Security Act ( 42 U.S.C. 415(i)(1)(B) )) ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted. 3. Use of Consumer Price Index for the Elderly for cost-of-living adjustments of Federal annuities (a) CSRS and FERS Section 8331(15) of title 5, United States Code, is amended to read as follows: (15) price index means the Consumer Price Index for Elderly Consumers (CPI–E, as published by the Bureau of Labor Statistics of the Department of Labor); . (b) Applicability The amendments made by this section shall apply to determinations made with respect to cost-of-living computation quarters ending on or after September 30 of the second calendar year following the calendar year in which this Act is enacted. 4. Use of Consumer Price Index for the Elderly for cost-of-living adjustments of retired pay and retainer pay of members of the Armed Forces (a) In general Section 1401a(g)(1) of title 10, United States Code, is amended by striking Consumer Price Index (all items, United States city average) and inserting Consumer Price Index for the Elderly . (b) Application of amendment The amendment made by subsection (a) shall apply only to adjustments of retired and retainer pay of members of the Armed Forces effective after the date of the enactment of this Act. 5. Limitation on certain increases in Medicare part B premiums Section 1839(f) of the Social Security Act ( 42 U.S.C. 1395r(f) ) is amended in the first sentence— (1) by striking such increase would reduce and inserting the following: such increase— (1) for calendar years beginning before the date of the enactment of section 5 of the Seniors’ Security Act of 2017 , would reduce ; and (2) by striking the period at the end and inserting the following: ; and (2) for calendar years beginning on or after the date of the enactment of section 5 of the Seniors’ Security Act of 2017 , would exceed 30 percent of the difference between the amount of benefits payable to that individual for that December and the amount of benefits payable to that individual for that November (both amounts determined before the deduction of a premium under this section). .