United States Congress
Boosting Benefits and COLAs for Seniors Act
April 17, 2024
Summary
H.R. 8044 would require the Social Security Administration to use the Consumer Price Index for the Elderly (CPI-E) when calculating cost-of-living adjustments (COLAs) for Social Security benefits under titles II, VIII, and XVI, instead of the current CPI-W. If enacted, this change would take effect for COLAs determined on or after September 30, 2024, potentially resulting in larger benefit increases for seniors.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/8044
Common questions
- What does "Boosting Benefits and COLAs for Seniors Act" cover?
- H.R. 8044 would require the Social Security Administration to use the Consumer Price Index for the Elderly (CPI-E) when calculating cost-of-living…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on April 17, 2024.