“I am excited about working with Members of Congress to enact this important legislation that will have a positive impact on Mississippi’s seniors,” said Harper, a freshman Republican who represents Mississippi’s Third Congressional District. “This formula would better measure seniors’ expenses, most of which are living on a fixed income and battling this economic downturn.”
The current index that is used by the U.S. Social Security Administration (SSA) to determine a cost-of-living adjustment (COLA) is the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). For the second year in a row, this index has not increased over the 2008 level, which is the last year seniors received a COLA increase.
The “CPI for Seniors Act” was introduced by Representative John Duncan Jr. of Tennessee and would establish a new Consumer Price Index for Seniors (CPI-S) so that annual Social Security COLAs can be more fairly determined. This legislation would direct the Bureau of Labor Statistics (BLS) to finally determine a new CPI-S formula for seniors that more accurately reflects the costs incurred by older Americans, specifically individuals in the United States who are 62 years of age or older.
Many seniors have complained that Members of Congress received a pay raise for 2010 and 2011 while their benefits remained the same. Although the Employment Cost Index (ECI) – the formula used for Congressional pay adjustments – calculated a total three percent increase for 2010 and 2011, Congress denied the additional pay with Harper voting for no increase in his pay in both years.
“With nearly one in 10 Mississippians out of a job and seniors being denied a COLA, it would be completely inappropriate and irrational for me to accept a pay raise,” added Harper. “Congress should not delay consideration of this legislation that will provide more precise payments to our senior citizens.”
H.R. 5305 was referred to the House Subcommittee on Health, Employment, Labor, and Pensions on June 29, 2010.
