H.R.870 - Social Security Notch Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. Clement, Bob [D-TN-5] (Introduced 03/06/2001)|
|Committees:||House - Ways and Means|
|Latest Action:||03/13/2001 Referred to the Subcommittee on Social Security. (All Actions)|
This bill has the status Introduced
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Summary: H.R.870 — 107th Congress (2001-2002)All Bill Information (Except Text)
Social Security Notch Act of 2001 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act with respect to the benefit computation formula for individuals who reached age 65 in or after 1982 and to whom applies the period of transition to the changes in benefit computation rules enacted in the Social Security Amendments of 1977.
Introduced in House (03/06/2001)
Sets forth a schedule of additional benefit increases for such beneficiaries (and related beneficiaries), with percentages declining from 70 percent to 35 percent keyed to the year an individual became eligible for such benefits between 1979 and 1983.