Locality-based Social Security Benefits Act of 2023

This bill adjusts Social Security benefits based on where recipients live. It requires the Social Security Commissioner to increase monthly benefits by the same percentage used for federal employees in the recipient's specific locality pay area (as defined by federal regulations). This directly affects Social Security beneficiaries residing in different geographic areas, potentially providing larger increases in high-cost regions compared to low-cost areas. The change modifies how benefits are calculated under the Social Security Act, using existing federal locality pay rates rather than the standard cost-of-living adjustment.