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S. 2382 113th Congress Senate

Fair Raises for Seniors Act

Official title: A bill to establish the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living increases under the Social Security Act, and to a… Show full official titleShow less

Official title: A bill to establish the Consumer Price Index for Elderly Consumers for purposes of determining cost-of-living increases under the Social Security Act, and to amend the Internal Revenue Code of 1986 to apply payroll taxes to remuneration and earnings from self-employment up to the contribution and benefit base and to remuneration in excess of $250,000, and for other purposes.

Introduced: May 22, 2014 Introduced by: Jeff Merkley Democratic · Oregon See on congress.gov
Social Welfare AgingEmployment taxesHealth care costs and insuranceInflation and prices
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Prescription drugsSelf-employedSocial security and elderly assistanceWages and earnings
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2014
Read twice and referred to the Committee on Finance.
May 22, 2014
Introduced in Senate
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 Latest action May 22, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Fair Raises for Seniors Act - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to publish for each calendar month a Consumer Price Index for Elderly Consumers (CPI-E) that indicates the average change over time in the prices paid by individuals in the United States who are age 62 and older for a market basket of consumer goods and services.

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to make the CPI-E the applicable Consumer Price Index (CPI) for computation of cost-of-living increases in OASDI benefits for such individuals.

Amends the Internal Revenue Code to exclude from wages for purposes of employment and self-employment taxes (under the Federal Insurance Contributions Act [FICA] for OASDI insurance): (1) any remuneration up to $250,000 of the amount of the contribution and benefit base, and (2) only so much of that remuneration that is less than $250,000.

Amends SSA title II to include 1% or $1,000 (whichever is less) of surplus average indexed monthly earnings in the determination of primary OASDI amounts.

 Related & companion bills 7
  • S 567 Identical bill Strengthening Social Security Act of 2013
  • HR 649 Protecting and Preserving Social Security Act
  • HR 1029 No Loopholes in Social Security Taxes Act
  • HR 3118 Strengthening Social Security Act of 2013
  • HR 5852 Scrap the Cap Act
  • S 308 Protecting and Preserving Social Security Act
  • S 500 Keeping Our Social Security Promises Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2382: Fair Raises for Seniors Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2382/
MLA
"S. 2382: Fair Raises for Seniors Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2382/.
Bluebook (legal)
S. 2382, 113th Cong. (2026), https://openamerica.io/bill/113-S-2382/.
Markdown link
[S. 2382: Fair Raises for Seniors Act](https://openamerica.io/bill/113-S-2382/)
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