A bill to amend title II of the Social Security Act to revise the provisions relating to automatic cost-of-living increases in benefits, and for other purposes.
Social Security Cost-of-Living Improvement Act - Provides for a second annual cost-of-living increase in Federal old-age, survivors, and disability benefits under the Social Security Act.
Defines the base periods from which the need for such increases shall be determined.
Directs the Secretary of Labor, in consultation with the Secretary of Health, Education, and Welfare, to develop a special Consumer Price Index for the elderly.
Referred to House Committee on Ways and Means.
Introduced in Senate
Referred to Senate Committee on Finance.
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