[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 83 Introduced in House (IH)]

103d CONGRESS
  1st Session
H. RES. 83

 Expressing the sense of the House of Representatives that the cost-of-
living adjustment provisions under title II of the Social Security Act 
                          should be preserved.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 16, 1993

  Mr. Smith of New Jersey (for himself, Mr. Emerson, Ms. Danner, Mr. 
Quinn, Mr. Fields of Texas, Mr. King, Mr. Machtley, Mr. Lightfoot, and 
 Mr. Rahall) submitted the following resolution; which was referred to 
                    the Committee on Ways and Means

_______________________________________________________________________

                               RESOLUTION


 
 Expressing the sense of the House of Representatives that the cost-of-
living adjustment provisions under title II of the Social Security Act 
                          should be preserved.

Whereas the social security cost-of-living adjustment (COLA) was authorized by 
        the Congress in 1972 so that recipients' benefits could keep up with the 
        ever-rising cost of keeping modest means;
Whereas the annual COLA is based on the Consumer Price Index as determined by 
        the Department of Labor;
Whereas social security is off budget and thus should be free from political 
        considerations;
Whereas the social security trust funds currently total over $300,000,000, 
        guaranteeing that retirees will continue to receive funds well into the 
        next century;
Whereas a freeze on the COLA would affect all 48,000,000 social security 
        beneficiaries, including children and disabled individuals;
Whereas 500,000 senior citizens would fall under the poverty line in the event 
        of such a freeze;
Whereas a COLA freeze is compounded year after year, never to be recouped by the 
        recipient;
Whereas that senior citizens cannot afford to be without much-needed funds in 
        this current economic climate;
Whereas elderly social security beneficiaries already have $1 of every $3 earned 
        over $10,560 taken away due to the social security earnings test; and
Whereas the notch problem also substantially reduces millions of senior 
        citizens' retirement checks: Now, therefore, be it
    Resolved, That it is the sense of the House of Representatives that 
the provisions of section 215(i) of the Social Security Act providing 
for cost-of-living adjustments under the old-age, survivors, and 
disability insurance program under title II of such Act are essential 
to the integrity of such program and must not be interrupted or 
restricted.

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