Fair COLA for Seniors Act

Bill: 116-hr-1553
Sponsor: full_name: Rep. Garamendi, John [D-CA-3]
Introduced: 2019-03-06
Policy area: Social Welfare
Subjects: Aging

Disability assistance

Government employee pay, benefits, personnel management

Inflation and prices

Military personnel and dependents

Social security and elderly assistance

Veterans' pensions and compensation
Latest action: action_date: 2019-03-29
text: Referred to the Subcommittee on Disability Assistance and Memorial Affairs.

Summaries:
action_date: 2019-03-06
action_desc: Introduced in House
text: <p><b>Fair COLA for Seniors Act</b></p> <p>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.</p>

tv_txt: I 116th CONGRESS 1st Session H. R. 1553 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.

1. Short title This Act may be cited as the Fair COLA for Seniors Act . 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.