HR 539

112th CONGRESS
1st Session

H. R. 539

To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program, to provide for cash relief for years for which annual COLAs do not take effect under certain cash benefit programs, and to provide for Social Security benefit protection.

IN THE HOUSE OF REPRESENTATIVES

February 8, 2011

Mr. DEUTCH (for himself, Mr. FRANK of Massachusetts, Mr. HASTINGS of Florida, Mr. CARNAHAN, Ms. PINGREE of Maine, and Mr. CRITZ) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Education and the Workforce, Rules, Transportation and Infrastructure, and Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program, to provide for cash relief for years for which annual COLAs do not take effect under certain cash benefit programs, and to provide for Social Security benefit protection.

SECTION 1. SHORT TITLE AND TABLE OF CONTENTS.

TITLE I--COST-OF-LIVING INCREASES

TITLE II--GUARANTEED SUPPLEMENTAL PAYMENT

TITLE III--CONTRIBUTION AND BENEFIT FAIRNESS

TITLE IV--SOCIAL SECURITY BENEFIT PROTECTION

TITLE I--COST-OF-LIVING INCREASES

SEC. 101. CONSUMER PRICE INDEX FOR ELDERLY CONSUMERS.

SEC. 102. COMPUTATION OF COST-OF-LIVING INCREASES.

TITLE II--GUARANTEED SUPPLEMENTAL PAYMENT

SEC. 201. RELIEF PAYMENTS TO RECIPIENTS OF SOCIAL SECURITY, SUPPLEMENTAL SECURITY INCOME, RAILROAD RETIREMENT BENEFITS, AND VETERANS DISABILITY COMPENSATION OR PENSION BENEFITS.

TITLE III--CONTRIBUTION AND BENEFIT FAIRNESS

SEC. 301. DETERMINATION OF WAGES AND SELF-EMPLOYMENT INCOME ABOVE CONTRIBUTION AND BENEFIT BASE AFTER 2011.

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                          The applicable percentage is: 
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Calendar year 2012                                  86% 
Calendar year 2013                                  71% 
Calendar year 2014                                  57% 
Calendar year 2015                                  43% 
Calendar year 2016                                  29% 
Calendar year 2017                                  14% 
Calendar years after 2017                           0%. 
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--------------------------------------------------------
                          The applicable percentage is: 
--------------------------------------------------------
Calendar year 2012                                  86% 
Calendar year 2013                                  71% 
Calendar year 2014                                  57% 
Calendar year 2015                                  43% 
Calendar year 2016                                  29% 
Calendar year 2017                                  14% 
Calendar years after 2017                          0%'. 
--------------------------------------------------------

--------------------------------------------------------
                          The applicable percentage is: 
--------------------------------------------------------
Calendar year 2012                                  86% 
Calendar year 2013                                  71% 
Calendar year 2014                                  57% 
Calendar year 2015                                  43% 
Calendar year 2016                                  29% 
Calendar year 2017                                  14% 
Calendar years after 2017                          0%'. 
--------------------------------------------------------

--------------------------------------------------------
                          The applicable percentage is: 
--------------------------------------------------------
Calendar year 2012                                  86% 
Calendar year 2013                                  71% 
Calendar year 2014                                  57% 
Calendar year 2015                                  43% 
Calendar year 2016                                  29% 
Calendar year 2017                                  14% 
Calendar years after 2017                          0%'. 
--------------------------------------------------------

SEC. 302. INCLUSION OF SURPLUS EARNINGS IN SOCIAL SECURITY BENEFIT FORMULA.

TITLE IV--SOCIAL SECURITY BENEFIT PROTECTION

SEC. 401. POINT OF ORDER AGAINST PRIVATIZATION OF SOCIAL SECURITY OR REDUCTIONS IN SOCIAL SECURITY BENEFITS.

END