A bill to provide for the monthly publication of a Consumer Price Index for the Aged which shall be used in the provision of cost-of-living benefit increases authorized by title II of the Social Security Act.

Directs the Secretary of Labor, through the Bureau of Labor Statistics, to prepare a "Consumer Price Index for the Aged" to be used in providing cost-of-living benefit increases authorized under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act.