Summary: H.R.4635 — 100th Congress (1987-1988)All Information (Except Text)

There is one summary for H.R.4635. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/19/1988)

Retirement Equity Act of 1988 - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to remove the limitation on the amount of outside income which a beneficiary may earn without incurring a reduction in benefits.

Amends the Internal Revenue Code to repeal the taxation of social security benefits and tier I railroad retirement benefits. Prohibits the imposition of social security taxes on the wages or self-employment income of individuals aged 70 and over.