US Congress Senate Bill 426 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 12 2009 - 25% progression, died in chamber
Action: 2009-02-12 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Social Security Solvency Act of 2009 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to provide for progressive indexing of old age insurance benefits with respect to any individual who initially becomes eligible for them or who dies (before becoming eligible for them) in calendar year 2012 or later. Provides for: (1) modification of primary insurance amount (PIA) factors to reflect changes in life expectancy; (2) computation of the PIA for an individual who has or has had a period of disability and who initially becomes eligible for such benefits in or after 2012; (3) acceleration of the increase in retirement age to 67; and (4) automatic appropriations to maintain the balance ratio of the Social Security Trust Funds at not less than 100% for the calendar year commencing during each fiscal year.

Social Security Solvency Act of 2009

Sen. Robert Bennett [R-UT]

Date	Chamber	Action
2009-02-12		Read twice and referred to the Committee on Finance.
2009-02-12		Sponsor introductory remarks on measure. (CR S2236-2239, S2239)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/426/all-info
Text	https://www.congress.gov/111/bills/s426/BILLS-111s426is.pdf