[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 4180 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 4180

   To amend title II of the Social Security Act to provide that the 
  national average wage index for any year shall not be less than the 
   amount of the national average wage index for the preceding year.


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                   IN THE SENATE OF THE UNITED STATES

                              July 2, 2020

Mr. Kaine (for himself and Mr. Cassidy) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

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                                 A BILL


 
   To amend title II of the Social Security Act to provide that the 
  national average wage index for any year shall not be less than the 
   amount of the national average wage index for the preceding year.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Protecting Benefits for Retirees 
Act''.

SEC. 2. MODIFYING THE CALCULATION OF THE SOCIAL SECURITY AVERAGE WAGE 
              INDEX TO CONFORM WITH THE CALCULATION OF SOCIAL SECURITY 
              COST-OF-LIVING ADJUSTMENTS AND TAXABLE MAXIMUM.

    Section 209(k) of the Social Security Act (42 U.S.C. 409(k)) is 
amended--
            (1) in paragraph (1), by striking ``subject to 
        regulations'' and inserting ``subject to paragraph (4) and 
        regulations''; and
            (2) by adding at the end the following new paragraph:
    ``(4) For any calendar year after 2019, if the average of the total 
wages for a calendar year is less than the national average wage index 
applicable under this subsection for the preceding calendar year, the 
amount of the national average wage index for the calendar year 
involved shall be the amount of the national average wage index that 
applied under this subsection for such preceding calendar year.''.
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