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Higher Social Security Benefits: New Cost-of-Living Adjustment Formula for Seniors.

This bill changes how annual Cost-of-Living Adjustments (COLAs) for Social Security benefits are calculated to better reflect the actual expenses faced by seniors. The COLA will now be based on the higher of two indices: the current CPI-W or the new Consumer Price Index for Elderly Consumers (CPI-E). This change is expected to result in larger annual benefit increases for retirees and other Social Security recipients, helping them keep pace with rising costs, particularly healthcare.
Key points
Social Security benefits (Titles II, VIII, XVI) will be adjusted using the index that yields the higher percentage increase (CPI-W or the new CPI-E).
Mandates the creation and publication of the CPI-E index, specifically tracking inflation for individuals aged 62 and older.
The new calculation method is scheduled to take effect for adjustments determined on or after September 30, 2026.
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_S_3059
Sponsor: Sen. Blumenthal, Richard [D-CT]
Process start date: 2025-10-27
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Boosting Benefits and COLAs for Seniors Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3059.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-10-27.

What are the main provisions?

Key points include:

  • Social Security benefits (Titles II, VIII, XVI) will be adjusted using the index that yields the higher percentage increase (CPI-W or the new CPI-E).
  • Mandates the creation and publication of the CPI-E index, specifically tracking inflation for individuals aged 62 and older.
  • The new calculation method is scheduled to take effect for adjustments determined on or after September 30, 2026.
What is the specific legal status?

The current status is Introduced.

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 Sen. Blumenthal, Richard [D-CT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-31.

CATEGORIES

Benefits