HR 1001

112th CONGRESS
1st Session

H. R. 1001

To amend title II of the Social Security Act to allow workers who attain age 65 after 1981 and before 1992 to choose either lump sum payments over four years totalling $5,000 or an improved benefit computation formula under a new 10-year rule governing the transition to the changes in benefit computation rules enacted in the Social Security Amendments of 1977, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

March 10, 2011

Mr. MCINTYRE introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend title II of the Social Security Act to allow workers who attain age 65 after 1981 and before 1992 to choose either lump sum payments over four years totalling $5,000 or an improved benefit computation formula under a new 10-year rule governing the transition to the changes in benefit computation rules enacted in the Social Security Amendments of 1977, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. NEW GUARANTEED MINIMUM PRIMARY INSURANCE AMOUNT WHERE ELIGIBILITY ARISES DURING TRANSITIONAL PERIOD.

`If the individual becomes

The applicable

eligible for such benefits in:

percentage is:

1979

--55

1980

--45

1981

--35

1982

--32

1983

--25

1984

--20

1985

--16

1986

--10

1987

--3

1988

--5.

END