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Trustee Archive
Most Social Security benefits are paid to older Americans who have contributed a portion of their lifetime wages into this retirement fund. These benefits are currently calculated using the CPI-W, or the Consumer Price Index for urban Wage Earners and Clerical Workers. This process analyzes the price change in a “basket” of goods and services these workers typically purchase. The resulting increase or decrease of these prices over time reflects the amount of inflation in our economy. To keep up with inflation, our Social Security Administration periodically increases benefits by what it calls Cost of Living Adjustments (COLA). However, advocates claim the CPI basket of goods and services used to calculate inflation is much different for the elderly than it is for younger consumers. Studies have shown the current CPI underestimates the higher rates of inflation for essentials such as housing and healthcare on which seniors spend much of their income. Advocates say seniors need their own CPI for Social Security benefits to keep pace with inflation – a CPI-E with E for elderly.
Pending Legislation: H.R.716 - Fair COLA for Seniors Act of 2023
Sponsor: Rep. John Garamendi (CA)
Status: House Subcommittee on Disability Assistance and Memorial Affairs (Veterans' Affairs)
Chair: Rep. Morgan Luttrell (TX)
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- I oppose reforming current Senior CPI-E policy and wish to donate resources to the campaign committee of Speaker Mike Johnson (LA).
- I support basing cost-of-living adjustments for certain benefits available through federal and military retirement programs, Social Security, and specified programs for veterans on a price index that tracks the spending patterns of older consumers. The Bureau of Labor Statistics of the Department of Labor must publish that price index on a monthly basis. And wish to donate resources to the campaign committee of Rep. Morgan Luttrell (TX) and/or to an advocate group currently working with this issue.
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| Winning Option
»» No issues were voted |
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I support basing cost-of-living adjustments for certain benefits available through federal and military retirement programs, Social Security, and specified programs for veterans on a price index that tracks the spending patterns of older consumers. The Bureau of Labor Statistics of the Department of Labor must publish that price index on a monthly basis. And wish to donate resources to the campaign committee of Rep. Morgan Luttrell (TX) and/or to an advocate group currently working with this issue.
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- Representative
If elected as a trustee, the campaign committee of Rep. Morgan Luttrell (TX) will be unconditionally awarded the funds pledged to this issue along with a letter requesting him to favorably consider H.R.716 - Fair COLA for Seniors Act of 2023.
- National Association of Area Agencies on Aging
If elected as a trustee, National Association of Area Agencies on Aging will be awarded the funds pledged to this issue along with a letter requesting these funds be used to advocate for seniors having their own Social Security Cost of Living Adjustments indexed to goods and services most often purchased by elderly Americans.
About: The National Association of Area Agencies on Aging (n4a) is a 501(c)(3) membership association representing America’s national network of 622 Area Agencies on Aging (AAAs) and providing a voice in the nation’s capital for the more than 250 Title VI Native American aging programs. Whether it is helping Washington set priorities, building the capacity of our members, raising the visibility of AAAs and Title VI programs nationwide, offering training and educational events, or working to drive excellence in the fields of I&R/A, transportation, livable communities and volunteerism, n4a is dedicated to supporting the success of its members.
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- No trustee votes received.
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| Poll Opening Date |
October 23, 2023 |
| Poll Closing Date |
October 29, 2023 |
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