US Congress Senate Bill 960 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on April 15 2015 - 25% progression, died in committee
Action: 2015-04-15 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Protecting and Preserving Social Security Act Directs the Bureau of Labor Statistics of the Department of Labor to prepare and publish for each calendar month a Consumer Price Index for Elderly Consumers (CPI-EC) 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 (SSAct) to make the CPI-EC the applicable Consumer Price Index for computation of cost-of-living 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 2015. Amends SSAct title II to include surplus average indexed monthly earnings in the determination of primary OASDI amounts.

Protecting and Preserving Social Security Act

Sen. Mazie Hirono [D-HI]

Sen. Jeff Merkley [D-OR]

Date	Chamber	Action
2015-04-15	Senate	Read twice and referred to the Committee on Finance.

HB1811 (Same As) 2015-11-16 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
SB1940 (Related) 2015-08-05 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/960/all-info
Text	https://www.congress.gov/114/bills/s960/BILLS-114s960is.pdf