Seniors' Security Act of 2017
This bill requires the use of a Consumer Price Index for Elderly Consumers (CPI-E) to calculate certain cost-of-living adjustments with respect to the Old Age, Survivors, and Disability Insurance benefits program and certain other federal retirement benefits. The Department of Labor must prepare and publish the CPI-E for each calendar month.
The bill also limits certain increases in Medicare premiums.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4076 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. R. 4076
To amend title II of the Social Security Act to provide for cost-of-
living adjustments indexed to the Consumer Price Index for the Elderly,
and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 16, 2017
Mr. Norcross introduced the following bill; which was referred to the
Committee on Ways and Means, and in addition to the Committees on
Education and the Workforce, Energy and Commerce, Armed Services, and
Oversight and Government Reform, for a period to be subsequently
determined by the Speaker, in each case for consideration of such
provisions as fall within the jurisdiction of the committee concerned
_______________________________________________________________________
A BILL
To amend title II of the Social Security Act to provide for cost-of-
living adjustments indexed to the Consumer Price Index for the Elderly,
and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Seniors' Security Act of 2017''.
SEC. 2. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING
ADJUSTMENTS OF SOCIAL SECURITY BENEFITS.
(a) In General.--Section 215(i)(1) of the Social Security Act (42
U.S.C. 415(i)(1)) is amended by adding at the end the following new
subparagraph:
``(H) the term `Consumer Price Index' means the Consumer
Price Index for Elderly Consumers (CPI-E, as published by the
Bureau of Labor Statistics of the Department of Labor).''.
(b) Application to Pre-1979 Law.--
(1) In general.--Section 215(i)(1) of the Social Security
Act as in effect in December 1978, and as applied in certain
cases under the provisions of such Act as in effect after
December 1978, is amended by adding at the end the following
new subparagraph:
``(D) the term `Consumer Price Index' means the Consumer
Price Index for Elderly Consumers (CPI-E, as published by the
Bureau of Labor Statistics of the Department of Labor).''.
(2) Conforming change.--Section 215(i)(4) of the Social
Security Act (42 U.S.C. 415(i)(4)) is amended by inserting
``and by section 2 of the Seniors' Security Act of 2017'' after
``1986''.
(c) Publication of Consumer Price Index for Elderly Consumers.--The
Bureau of Labor Statistics of the Department of Labor shall prepare and
publish the index authorized by section 191 of the Older Americans
Amendments Act of 1987 (29 U.S.C. 2 note) for each calendar month,
beginning with July of the calendar year following the calendar year in
which this Act is enacted, and such index shall be known as the
``Consumer Price Index for Elderly Consumers''.
(d) Effective Date.--The amendments made by this section shall
apply to determinations made with respect to cost-of-living computation
quarters (as defined in section 215(i)(1)(B) of the Social Security Act
(42 U.S.C. 415(i)(1)(B))) ending on or after September 30 of the second
calendar year following the calendar year in which this Act is enacted.
SEC. 3. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING
ADJUSTMENTS OF FEDERAL ANNUITIES.
(a) CSRS and FERS.--Section 8331(15) of title 5, United States
Code, is amended to read as follows:
``(15) `price index' means the Consumer Price Index for
Elderly Consumers (CPI-E, as published by the Bureau of Labor
Statistics of the Department of Labor);''.
(b) Applicability.--The amendments made by this section shall apply
to determinations made with respect to cost-of-living computation
quarters ending on or after September 30 of the second calendar year
following the calendar year in which this Act is enacted.
SEC. 4. USE OF CONSUMER PRICE INDEX FOR THE ELDERLY FOR COST-OF-LIVING
ADJUSTMENTS OF RETIRED PAY AND RETAINER PAY OF MEMBERS OF
THE ARMED FORCES.
(a) In General.--Section 1401a(g)(1) of title 10, United States
Code, is amended by striking ``Consumer Price Index (all items, United
States city average)'' and inserting ``Consumer Price Index for the
Elderly''.
(b) Application of Amendment.--The amendment made by subsection (a)
shall apply only to adjustments of retired and retainer pay of members
of the Armed Forces effective after the date of the enactment of this
Act.
SEC. 5. LIMITATION ON CERTAIN INCREASES IN MEDICARE PART B PREMIUMS.
Section 1839(f) of the Social Security Act (42 U.S.C. 1395r(f)) is
amended in the first sentence--
(1) by striking ``such increase would reduce'' and
inserting the following: ``such increase--
``(1) for calendar years beginning before the date of the
enactment of section 5 of the Seniors' Security Act of 2017,
would reduce''; and
(2) by striking the period at the end and inserting the
following: ``; and
``(2) for calendar years beginning on or after the date of
the enactment of section 5 of the Seniors' Security Act of
2017, would exceed 30 percent of the difference between the
amount of benefits payable to that individual for that December
and the amount of benefits payable to that individual for that
November (both amounts determined before the deduction of a
premium under this section).''.
<all>
Introduced in House
Introduced in House
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Energy and Commerce, Armed Services, and Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to the Subcommittee on Health.
Referred to the Subcommittee on Military Personnel.