Boosting Benefits and COLAs for Seniors Act

This bill changes how Social Security cost-of-living adjustments (COLAs) are calculated for seniors, directly affecting beneficiaries aged 62 and older who receive Social Security benefits. It requires the government to use either the standard Consumer Price Index for Wage Earners (CPI-W) or a new index tracking costs for seniors (CPI-E), whichever results in a larger annual adjustment. The bill directs the Bureau of Labor Statistics to publish the CPI-E index, reflecting spending patterns of seniors, and uses a research index until it becomes available. The changes would apply to COLAs calculated for cost-of-living computation quarters ending on or after September 30, 2026.