US SB308 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on February 13 2013 - 25% progression, died in committee
Action: 2013-02-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Protecting and Preserving Social Security Act - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish for each calendar month a Consumer Price Index for Elderly Consumers (CPIEC) that indicates changes over time in consumption expenditures typical for individuals in the United States age 62 or older. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to make the CPIEC the applicable Consumer Price Index (CPI) for computation of cost-of-lving increases in OASDI benefits for such individuals. Amends the Internal Revenue Code to prescribe special rules for the determination of wages and self-employment income above the contribution and benefit base after 2013. Amends SSA title II to include surplus average indexed monthly earnings (AIME) in the determination of primary OASDI amounts.

Tracking Information

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Title

Protecting and Preserving Social Security Act

Sponsors


History

DateChamberAction
2013-02-13SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB649 (Same As) 2013-04-23 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
SB567 (Related) 2013-03-14 - Read twice and referred to the Committee on Finance.
SB2382 (Related) 2014-05-22 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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