arrow_back Back to App

Social Security Benefits: New Inflation Index for Seniors' Cost of Living.

This bill aims to change how annual Social Security benefit increases are calculated. It proposes using a specific Consumer Price Index for Elderly Consumers (CPI-E) instead of the current inflation measure. This change is intended to ensure that benefits better reflect the actual living costs for seniors, potentially leading to higher retirement and disability payments.
Key points
Introduces a new inflation index (CPI-E) for calculating Social Security cost-of-living increases.
The CPI-E is designed to better reflect the spending patterns of older Americans, potentially leading to larger benefit increases.
These changes will apply to cost-of-living adjustments determined on or after September 30, 2024.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_1688
Sponsor: Rep. Smith, Christopher H. [R-NJ-4]
Process start date: 2023-03-21
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

Social Security Cost of Living Increase Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1688.

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 2023-03-21.

What are the main provisions?

Key points include:

  • Introduces a new inflation index (CPI-E) for calculating Social Security cost-of-living increases.
  • The CPI-E is designed to better reflect the spending patterns of older Americans, potentially leading to larger benefit increases.
  • These changes will apply to cost-of-living adjustments determined on or after September 30, 2024.
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. Smith, Christopher H. [R-NJ-4].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Social Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Benefits