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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 16, 2015.
Seniors Deserve A Raise Act
This bill requires cost-of-living increases in any benefit under title II (Old-Age, Survivors, and Disability Insurance) (OASDI) of the Social Security Act as well as military retirement and survivor benefits by any increase in the Consumer Price Index for the Elderly.
In addition to any such increase, each such benefit shall be further increased by 2.9% on January 1, 2016, and shall remain in effect every year thereafter.
