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HR 314 114th Congress House

Notch Fairness Act of 2015

Official title: 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 t… Show full official titleShow less

Official title: 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 totaling $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.

Introduced: January 13, 2015 Introduced by: Meng, Grace Democratic · New York See on congress.gov
Social Welfare Inflation and pricesSocial security and elderly assistance
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2015
Referred to the Subcommittee on Social Security.
Jan 13, 2015
Referred to the House Committee on Ways and Means.
Jan 13, 2015
Introduced in House
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 Latest action February 27, 2015

Referred to the Subcommittee on Social Security.

 Plain-English summary Congressional Research Service

Notch Fairness Act of 2015

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.

("Notch" refers to birth in the United States between 1917 and 1921, as a result of which a retiree born between those years received lower cost-of-living increases in Social Security than others after Congress readjusted Social Security benefits in 1977.)

Sets forth a schedule of additional benefit increases for such beneficiaries (and related beneficiaries), with percentages declining from 55% to 5% 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.

 Related & companion bills 1
  • S 99 Identical bill Notch Fairness Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 6
All 6 Democratic 5
D
Lofgren, Zoe
California · Jun 3, 2015
Murphy, Tim
· Feb 24, 2015
 D
Bishop, Sanford D.
Georgia · Jan 13, 2015
 D
McCollum, Betty
Minnesota · Jan 13, 2015
 D
McGovern, James P.
Massachusetts · Jan 13, 2015
 D
Schiff, Adam B.
California · Jan 13, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 314: Notch Fairness Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-314/
MLA
"H.R. 314: Notch Fairness Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-314/.
Bluebook (legal)
H.R. 314, 114th Cong. (2026), https://openamerica.io/bill/114-HR-314/.
Markdown link
[H.R. 314: Notch Fairness Act of 2015](https://openamerica.io/bill/114-HR-314/)
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