What does Preamble of Boosting Benefits and COLAs for Seniors Act do?

This bill proposes to amend title II of the Social Security Act. The proposed amendment would require the Commissioner of Social Security to use the Consumer Price Index for Elderly Consumers (CPI-E) for cost-of-living adjustments. These adjustments would apply under titles II, VIII, and XVI of the Social Security Act. The bill is intended 'for other purposes' beyond the CPI-E adjustment.

What does SHORT TITLE. of Boosting Benefits and COLAs for Seniors Act do?

This bill is formally titled the Boosting Benefits and COLAs for Seniors Act.

What does MORE ACCURATE COST-OF-LIVING ADJUSTMENT. of Boosting Benefits and COLAs for Seniors Act do?

This section amends sections 215(i)(1)(D) and 215(i)(1)(G) of the Social Security Act to allow for the use of either the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) or the Consumer Price Index for Elderly Consumers (CPI-E), whichever results in the higher percentage. It also amends Section 215(i) of the Social Security Act as it existed in December 1978, applying similar CPI-W or CPI-E options. The section makes conforming changes to references within the Social Security Act, including adding references to the Boosting Benefits and COLAs for Seniors Act. It directs the Bureau of Labor Statistics to prepare and publish a Consumer Price Index for Elderly Consumers (CPI-E) reflecting expenditures typical for individuals aged 62 and older. Prior to the CPI-E's publication, references to it are deemed to be references to the Consumer Price Index for Americans 62 years of age and older (R-CPI-E). The amendments apply to cost-of-living computation quarters ending on or after September 30, 2026.

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Boosting Benefits and COLAs for Seniors Act

Last updated: 10/28/2025 · Introduced: 10/28/2025

Author: Nikki Budzinski (D-IL)

TL;DR (AI)

This bill allows the Social Security Administration to use either the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) or the Consumer Price Index for Elderly Consumers (CPI-E) to calculate cost-of-living adjustments, whichever yields a higher percentage.
The bill directs the Bureau of Labor Statistics to create and publish a Consumer Price Index for Elderly Consumers (CPI-E) reflecting spending patterns of individuals aged 62 and older.
Cost-of-living adjustments calculated under these changes will apply to Social Security benefits beginning in computation quarters ending on or after September 30, 2026.

119th Congressin committeeS. 3059(In Committee)Official page

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Includes provisions on preamble, short title., and 1 more.

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