A bill to amend title II of the Social Security Act to provide that the automatic cost-of-living increases under section 215(i) of such act (and the corresponding increases under the supplemental security income program) shall be made in advance, on the basis of projected increases in the Consumer Price Index.

Provides that the automatic cost-of-living increases under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act (and the corresponding increases under the supplemental security income program) shall be made in advance (to begin in January of the ensuing year), on the basis of projected increases in the Consumer Price Index. Provides that such payments shall begin within specified periods of such projections, and not within periods from the end of the quarter in which such projections were made.