3.0.0 1940 2023-01-11T13:29:58Z 2023-01-11T13:29:58Z Senate S 2015-08-05 114 ssfi00 Finance Committee Senate Standing Referred to 2015-08-05T14:43:12Z Protecting and Preserving Social Security Act 114 1811 HR 2015-11-16 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Related bill CRS Protecting and Preserving Social Security Act 114 960 S 2015-04-15 Read twice and referred to the Committee on Finance. Related bill CRS Strengthening Social Security Act of 2016 114 5952 HR 2016-09-12 Referred to the Subcommittee on Social Security. Related bill CRS 2015-08-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-08-05 Introduced in Senate IntroReferral 10000 9 Library of Congress S001194 Sen. Schatz, Brian [D-HI] Brian Schatz D HI N Social Welfare Aging Employment taxes Inflation and prices Self-employed Social security and elderly assistance Wages and earnings Social Welfare 00 2015-08-05 Introduced in Senate 2016-01-29T19:29:35Z Safeguarding American Families and Expanding Social Security Act of 2015

This bill amends the Internal Revenue Code to prescribe special rules for the determination of taxable wages and self-employment income above the contribution and benefit base after 2015.

Title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act (SSAct) is amended to include surplus average indexed monthly earnings in the determination of primary OASDI amounts.

The Bureau of Labor Statistics of the Department of Labor shall prepare and publish the Consumer Price Index for Elderly Consumers (CPI-EC) that indicates changes over time in expenditures for consumption which are typical for individuals in the United States who have attained early retirement age for purposes of an old-age, wife's, or husband's insurance benefit.

SSAct title II is also amended to make the CPI-EC the applicable Consumer Price Index for computation of cost-of-living increases in OASDI benefits for such individuals.

]]> Safeguarding American Families and Expanding Social Security Act of 2015 Display Title Safeguarding American Families and Expanding Social Security Act of 2015 Official Title as Introduced A bill to improve the retirement security of American families by increasing Social Security benefits for current and future beneficiaries while making Social Security stronger for future generations. Introduced in Senate IS Short Titles as Introduced Safeguarding American Families and Expanding Social Security Act of 2015 Introduced in Senate 2015-08-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1940is/xml/BILLS-114s1940is.xml 2015-08-05 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.