HR 97
108th Congress
House
Social Welfare
Old age, survivors and disability insurance
Social security beneficiaries
Social security eligibility
Notch Fairness Act of 2003
Introduced: January 7, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2003
Referred to the Subcommittee on Social Security.
Jan 7, 2003
Introduced in House
Jan 7, 2003
Referred to the House Committee on Ways and Means.
Plain-English summary
Notch Fairness Act of 2003 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise the formula for the computation of minimum Old Age Insurance benefits for individuals who reached age 65 in or after 1979 and to whom applies the 15-year transition period for the changes in benefit computation rules enacted in the Social Security Amendments of 1977.
Sets forth a schedule of additional benefit increases for such beneficiaries (and related beneficiaries), with percentages declining from 55 percent to five percent and keyed to the year an individual became eligible for such benefits between 1979 and 1988.
Allows such beneficiaries, in the alternative, to receive lump sum payments over four years totaling $5,000.
What's happening now
Referred to the Subcommittee on Social Security.
Committees of jurisdiction
2