Social Security Flat Rate COLA Act of 1987 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to: (1) base cost-of-living increases solely on the percentage increase in the Consumer Price Index; and (2) provide for a single annual cost-of-living increase in primary insurance amounts at a uniform flat rate.
Provides for further amendments regarding cost-of-living adjustments and: (1) Supplemental Security Income for the Aged, Blind, and Disabled (SSI) under title XVI of the Social Security Act; (2) supplementary medical insurance under title XVIII (Medicare) of the Act; (3) veterans' pension and survivors' benefits; and (4) limitations on benefits and contributions under qualified pension, profit-sharing, stock bonus, and other such plans.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to House Committee on Veterans' Affairs.
Referred to House Committee on Ways and Means.
Referred to Subcommittee on Social Security.
Referred to Subcommittee on Health.
Referred to Subcommittee on Public Assistance and Unemployment Compensation.
Referred to Subcommittee on Health and the Environment.
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