arrow_back Back to App

Higher Benefits for Seniors and Veterans with New Inflation Index

This act changes how federal benefit increases, such as Social Security and veteran benefits, are calculated. Instead of the general inflation index, a specific Consumer Price Index for Elderly Consumers (CPI-E) will be used. This aims to ensure that increases better reflect the actual living costs of seniors, potentially leading to higher benefits for eligible individuals.
Key points
Inflation Index Change: Benefit increases will be calculated using the Consumer Price Index for Elderly Consumers (CPI-E), which better reflects their expenses.
Benefit Increase: Social Security, pensions, veteran benefits, and other federal programs may see higher increases, improving beneficiaries' financial situations.
Greater Fairness: The new index aims to ensure that benefit increases are fairer and more adequate to the cost of living for seniors.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_4315
Sponsor: Rep. Garamendi, John [D-CA-3]
Process start date: 2021-07-01
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Fair COLA for Seniors Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4315.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-01.

What are the main provisions?

Key points include:

  • Inflation Index Change: Benefit increases will be calculated using the Consumer Price Index for Elderly Consumers (CPI-E), which better reflects their expenses.
  • Benefit Increase: Social Security, pensions, veteran benefits, and other federal programs may see higher increases, improving beneficiaries' financial situations.
  • Greater Fairness: The new index aims to ensure that benefit increases are fairer and more adequate to the cost of living for seniors.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Garamendi, John [D-CA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Disability Assistance and Memorial Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Benefits