A bill to provide for the monthly publication of a Consumer Price Index for the Elderly and provide a study with the Index, regarding cost-of-living adjustments in certain Federal programs for those at least 62 years of age.

Requires the monthly publication of a Consumer Price Index for the Elderly and provides for studies and legislative recommendations to be made with regard to utilizing such index in determining cost-of-living adjustments authorized in Federal programs for individuals who are at least sixty-two years of age.