,,ii  #aafth ,,congress  #ast ,session  
,s4 #aibc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,june #bj1     
#bjai,mr4 ,whitehouse introduced the    
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to require the establishment
 of a ,consumer ,price ,index for       
,elderly ,consumers to compute          
cost-of-living increases for ,social    
,security benefits under title ,,ii of  
the ,social ,security ,act and to       
provide1 in the case of elderly         
beneficiaries under such title1 for an  
annual cost-of-living increase which is 
not less than #c percent4  #a4 ,short   
title ,this ,act may be cited as the    
,guaranteed #c ,percent ,,cola for      
,seniors ,act of #bjai4  #b4 ,consumer  
,price ,index for ,elderly ,consumers   
7a7 ,in general ,the ,bureau of ,labor  
,statistics of the ,department of ,labor
 shall prepare and publish an index for 
each calendar month to be known as the  
,consumer ,price ,index for ,elderly    

,consumers that indicates changes over  
time in expenditures for consumption    
which are typical for individuals in the
 ,united ,states who are #fb years of   
age or older4  7b7 ,effective date      
,subsection 7a7 shall apply with respect
 to calendar months ending on or after  
,july #ca of the calendar year following
 the calendar year in which this ,act is
 enacted4  7c7 ,authorization of        
appropriations ,there are authorized to 
be appropriated such sums as are        
necessary to carry out the provisions of
 this section4  #c4 ,computation of     
cost-of-living increases  7a7 ,in       
general ,section #bae7;i7 of the ,social
 ,security ,act 7#db ,u4,s4,c4 #dae7;i77
 is amended-- 7#a7 in paragraph         
7#a77;,g71 by inserting before the      
period the following3 1 and1 solely with
 respect to any monthly insurance       
benefit payable under this title to an  
individual who has attained age #fb1    
effective for adjustments under this    
subsection to the primary insurance     

amount on which such benefit is based   
7or to any such benefit under section   
#bbg or #bbh7 occurring after such      
individual attains such age1 the        
applicable ,consumer ,price ,index shall
 be the ,consumer ,price ,index for     
,elderly ,consumers and such primary    
insurance amount shall be adjusted under
 this subsection using such ,index2     
7#b7 in paragraph 7#b77;,a77ii71 by     
adding at the end the following3 ,in the
 case of individuals referred to in     
subdivision 7,i7 or 7,,ii7 who have     
attained age #fb1 irrespective of       
whether the ,commissioner makes a       
determination described in the first    
sentence of this clause with respect to 
the base quarter in any year1 effective 
for adjustments under this subsection to
 the primary insurance amount on which  
such individual's monthly insurance     
benefit is based occurring after such   
individual attains such age 7or to any  
such benefit under section #bbg or      
#bbh71 the ,commissioner shall1         

effective with the month of ,december of
 such year1 increase benefit amounts and
 primary insurance amounts of such      
individuals under this clause as if such
 base quarter were a cost of living     
computation quarter and the applicable  
increase percentage with respect to such
 base quarter were equal to the greater 
of #c percent or the applicable increase
 percentage 7if any7 with respect to    
such base quarter42 and  7#c7 in        
paragraph 7#d7-- 7,a7 by striking and by
 section #ijja and inserting 1 by       
section #ijja2 and  7,b7 by inserting   
after #aihf1 the following3 and by      
section #c of the ,guaranteed #c        
,percent ,,cola for ,seniors ,act of    
#bjai14  7b7 ,conforming amendments in  
applicable former law ,section #bae7;i7 
of such ,act1 as in effect in ,december 
#aigh and applied in certain cases under
 the provisions of such ,act in effect  
after ,december #aigh1 is amended--     
7#a7 in paragraph 7#a77;,c71 by         
inserting before the period the         

following3 1 and1 solely with respect to
 any monthly insurance benefit payable  
under this title to an individual who   
has attained age #fb1 effective for     
adjustments under this subsection to the
 primary insurance amount on which such 
benefit is based 7or to any such benefit
 under section #bbg or #bbh7 occurring  
after such individual attains such age1 
the applicable ,consumer ,price ,index  
shall be the ,consumer ,price ,index for
 ,elderly ,consumers and such primary   
insurance amount shall be adjusted under
 this subsection using such ,index2 and 
7#b7 by adding at the end of paragraph  
7#b77;,a77ii7 the following3 ,in the    
case of individuals referred to in the  
first sentence of this clause who have  
attained age #fb1 irrespective of       
whether the ,commissioner makes a       
determination described in the first    
sentence of this clause with respect to 
the base quarter in any year1 effective 
for adjustments under this subsection to
 the primary insurance amount on which  

such individual's monthly insurance     
benefit is based occurring after such   
individual attains such age 7or to any  
such benefit under section #bbg or      
#bbh71 the ,commissioner shall1         
effective with the month of ,december of
 such year1 increase benefit amounts and
 primary insurance amounts of such      
individuals under this clause as if such
 base quarter were a cost of living     
computation quarter and the percentage  
referred to in the first sentence of    
this clause with respect to such base   
quarter were equal to the greater of #c 
percent or the percentage 7if any7      
otherwise referred to in the first      
sentence of this clause with respect to 
such base quarter44  7c7 ,protection of 
benefits subject to the family maximum  
,section #bjc7;a7 of the ,social        
,security ,act 7#db ,u4,s4,c4 #djc7;a77 
is amended by adding at the end the     
following new paragraph3  7#aa7 ,in     
determining whether total monthly       
benefits based on any primary insurance 

amount exceed the amount permitted under
 this subsection1 the ,commissioner     
shall disregard the portion of any      
benefit otherwise payable to any        
beneficiary under this title which is   
attributable to so much of any increases
 in benefits which would not have       
occurred but for the application of the 
last sentence of section                
#bae7;i77#b77;,a77ii7 7or the last      
sentence of section                     
#bae7;i77#b77;,a77ii7 as in effect in   
,december #aigh 7as amended7 and applied
 in certain cases under the provisions  
of such ,act in effect after ,december  
#aigh74  4  7d7 ,rule of construction   
,this section and the amendments made   
thereby shall not be construed as a     
general benefit increase for purposes of
 section #bae7;i7 of the ,social        
,security ,act 7and section #bae7;i7 of 
such ,act as in effect in ,december     
#aigh and applied in certain cases under
 the provisions of such ,act in effect  
after ,december #aigh74  7e7 ,effective 

date ,the amendments made by this       
section shall apply to determinations   
made with respect to base quarters      
ending on or after ,september #cj of the
 second calendar year following the     
calendar year in which this ,act is     
enacted4