US SB118 | 2011-2012 | 112th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Notch Fairness Act of 2011 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise the formula for the computation of minimum Old Age Insurance benefits for individuals who reached age 65 in or after 1979, and to whom applies the 15-year transition period for the changes in benefit computation rules enacted in the Social Security Amendments of 1977. Sets forth a schedule of additional benefit increases for such beneficiaries (and related beneficiaries), with percentages declining from 55% to 5% and keyed to the year an individual became eligible for such benefits between 1979 and 1988. Allows such beneficiaries, in the alternative, to receive lump sum payments over four years totaling $5,000.
Title
Notch Fairness Act of 2011
Sponsors
Sen. David Vitter [R-LA] | Sen. Dean Heller [R-NV] |
History
Date | Chamber | Action |
---|---|---|
2011-01-25 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB239 (Related) 2011-01-17 - Referred to the Subcommittee on Social Security.
HB1001 (Same As) 2011-03-14 - Referred to the Subcommittee on Social Security.
HB1001 (Same As) 2011-03-14 - Referred to the Subcommittee on Social Security.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/senate-bill/118/all-info |
Text | https://www.congress.gov/112/bills/s118/BILLS-112s118is.pdf |