H.R.1553: Fair COLA for Seniors Act
Overview
The Fair COLA for Seniors Act (H.R. 1553) would require the use of the Consumer Price Index for the Elderly (CPI-E), for the purpose of determining cost-of-living adjustments (COLAs) for a broad array of federal retirement programs, including Social Security. Using the CPI-E would ensure that benefits for older Americans are not diminished by rising costs in the goods and services that seniors disproportionately consume.