[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 197 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 197

To amend title II of the Social Security Act to eliminate the earnings 
test for individuals who have attained age 67 and to accelerate benefit 
 increases under the delayed retirement credit over a period capped at 
                         attainment of age 67.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 1993

 Mr. Houghton introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend title II of the Social Security Act to eliminate the earnings 
test for individuals who have attained age 67 and to accelerate benefit 
 increases under the delayed retirement credit over a period capped at 
                         attainment of age 67.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. ELIMINATION OF EARNINGS TEST FOR INDIVIDUALS WHO HAVE 
              ATTAINED AGE 67.

    (a) In General.--Section 203 of the Social Security Act (42 U.S.C. 
403) is amended--
            (1) in paragraph (1) of subsection (c) and paragraphs 
        (1)(A) and (2) of subsection (d), by striking ``the age of 
        seventy'' and inserting ``age 67'';
            (2) in subsection (f)(1)(B), by striking ``was age seventy 
        or over'' and inserting ``was at or above age 67'';
            (3) in subsection (h)(1)(A), by striking ``age 70'' each 
        place it appears and inserting ``age 67''; and
            (4) in subsection (j), by striking ``Age Seventy'' in the 
        heading and inserting ``Age 67'', and by striking ``seventy 
        years of age'' and inserting ``having attained age 67''.
    (b) Effective Date.--The amendments made by this section shall 
apply with respect to taxable years beginning after December 31, 1991.

SEC. 2. ACCELERATION OF BENEFIT INCREASES UNDER DELAYED RETIREMENT 
              CREDIT OVER A PERIOD CAPPED AT AGE 65 IN LIEU OF AGE 70.

    (a) Restriction of Period of Benefit Increments to Months After 
Attaining Retirement Age and Before Attaining Age 67.--Section 202(w) 
of the Social Security Act (42 U.S.C. 402(w)) is amended--
            (1) in paragraph (2)(A), by striking ``age 70'' and 
        inserting ``age 67''; and
            (2) in paragraph (3), by striking ``age 70 after 1972'' and 
        inserting ``age 67''.
    (b) Acceleration of Benefit Increases.--Section 202(w) of such Act 
(42 U.S.C. 402(w)) is further amended--
            (1) in paragraph (1)(A), by striking ``the applicable 
        percentage (as determined under paragraph (6))'' and inserting 
        ``2/3 of 1 percent''; and
            (2) by striking paragraph (6).
    (c) Effective Date.--The amendments made by this section shall 
apply with respect to benefits for months after December 1991.

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