Summary: S.1365 — 105th Congress (1997-1998)All Information (Except Text)

There is one summary for S.1365. Bill summaries are authored by CRS.

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Introduced in Senate (11/04/1997)

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to modify the formula for determining the amount of reduced monthly OASDI benefits payable to a spouse, surviving spouse, or parent receiving monthly payments from a Federal or State pension plan. Declares that such benefit reductions shall be equal to the amount by which two-thirds of the total amount of the combined monthly benefit (before reduction) and monthly pension exceeds $1,200, adjusted for inflation.