US SB804 | 2011-2012 | 112th Congress

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on April 13 2011 - 25% progression, died in committee
Action: 2011-04-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Social Security Solvency and Sustainability Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) to increase the normal retirement age by specified graduated stages to age 70. Raises the early retirement age by specified graduated stages to 64 for an individual who attains age 62 after December 31, 2027. Revises requirements for computation of the age increase factor. Revises the formula for the maximum age for delayed retirement credit. Prescribes a formula for progressive indexing of an individual's primary insurance amount.

Tracking Information

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Title

Social Security Solvency and Sustainability Act

Sponsors


History

DateChamberAction
2011-04-13SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

SB1213 (Related) 2011-06-22 - Sponsor introductory remarks on measure. (CR S3987-3989)
SB3533 (Related) 2012-09-12 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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