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S 804 112th Congress Senate Social Welfare Administrative law and regulatory procedures Disability and paralysis Inflation and prices Social Security Administration Social security and elderly assistance Wages and earnings

Social Security Solvency and Sustainability Act

Introduced: April 13, 2011 Introduced by: Graham, Lindsey Republican · South Carolina See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 13, 2011
Read twice and referred to the Committee on Finance.
Apr 13, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now April 13, 2011

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1