A bill to provide for the monthly publication of a Consumer Price Index for the Elderly and to provide for studies to be made with regard to utilizing such index in determining cost-of-living adjustments authorized in certain Federal programs for individuals who are at least 62 years of age.

[AI summary unavailable — showing source text] Directs the Secretary of Labor to prepare and publish monthly a Consumer Price Index for the Elderly designed to reflect the retail prices of items purchased generally by individuals who are at least sixty-two years of age. Requires specified Federal officers to study and investigate any legislative and administrative action necessary for utilizing the Consumer Price Index for the Elderly in lieu of the Consumer Price Index in specific provisions of law referred to by this Act. Directs such officers to report to the Congress within ninety days after the date of enactment of this Act a detailed statement of its findings, conclusions, and recommendations for legislation as a result of the study and investigation.…