Fair Raises for Seniors Act
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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.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2382: Fair Raises for Seniors Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-2382/
"S. 2382: Fair Raises for Seniors Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2382/.
S. 2382, 113th Cong. (2026), https://openamerica.io/bill/113-S-2382/.
[S. 2382: Fair Raises for Seniors Act](https://openamerica.io/bill/113-S-2382/)