A bill to provide that automatic cost-of-living increases under the Social Security Act, and under certain Federal retirement programs which are linked to the Social Security Act, shall be made on October 1 of each year, rather than July 1.

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Railroad Retirement Act of 1974 to provide that automatic cost-of-living increases in social security and Federal retirement benefits shall be made on October 1 of each year for calendar years after 1981 (currently automatic cost-of-living increases are made on July 1 of each year).