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H.R. 1585

BillFederalHouseIn Committee
Guaranteed 3% COLA for Seniors Act of 2013
About This Bill
Committee
Latest Action · July 8, 2013
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Congress
113th (2013–2015)
Introduced
April 16, 2013
Cosponsors (1)
1D 0R
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Summary

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Guaranteed 3% COLA for Seniors Act of 2013 - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish a monthly Consumer Price Index for Elderly Consumers that indicates changes over time in expenditures for consumption which are typical for individuals in the United States age 62 or older. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to: (1) require the use of such index to compute cost-of-living increases for Social Security benefits; and (2) provide, in the case of individuals who have attained age 62, for an annual cost-of-living increase of at least 3%.

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