,,ii #aaf? ,,congress #a/ ,session ,s4 #ibj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bg1 #bjai ,mr4 ,rubio 7= himself & ,mr4 ,romney7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d title ,,ii ( ! ,social ,security ,act to make available p>5tal leave b5efits to p>5ts foll[+ ! bir? or adoption ( a *ild1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,new ,p>5ts ,act ( #bjai4 #b4 ,p>5tal leave b5efits 7a7 ,9 g5]al ,title ,,ii ( ! ,social ,security ,act is am5d$ by ins]t+ aft] section #bah ! foll[+3 #bai4 ,p>5tal leave b5efits 7a7 ,9 g5]al ,e individual-- 7#a7 :o has-- 7,a7 n less ?an #h qu>t]s ( cov]age1 #d ( :i* are cr$it$ to cal5d> qu>t]s dur+ ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* ! #a/ mon? ( ! b5efit p]iod describ$ 9 subsection 7c7 occurs2 or 7,b7 n less ?an #ab qu>t]s ( cov]age2 & 7#b7 :o has fil$ an application = a p>5tal leave b5efit ) respect to a qualifi$ *ild ( ! individual1 %all be entitl$ to a p>5tal leave b5efit ) respect to su* qualifi$ *ild4 7b7 ,b5efit am\nt ,su* individual's p>5tal leave b5efit %all be an am\nt equal to ! product (-- 7#a7 ! numb] ( b5efit mon?s 7n to exce$ #c7 select$ by ! individual 9 ! individual's application = a p>5tal leave b5efit1 multipli$ by 7#b7 an am\nt equal to ! prim>y insurance am\nt = ! individual t w\ld be det]m9$ "u section #bae if-- 7,a7 ! individual _h atta9$ age #fb 9 ! fir/ mon? ( ! individual's b5efit p]iod2 & 7,b7 ! individual _h become entitl$ to an old-age insurance b5efit "u section #bjb beg9n+ ) su* mon?4 ,= ! purposes ( ! prec$+ s5t5ce1 ! elaps$ ye>s ref]r$ to 9 section #bae7;b77#b77;,b77iii7 %all n include ! ye> 9 :i* ! individual's b5efit p]iod beg9s1 or any ye> !reaft]4 7c7 ,paym5t ( b5efit 7#a7 ,selection ( numb] ( b5efit mon?s ,9 fil+ an application = a p>5tal leave b5efit "u ?is section1 an individual %all select ! numb] ( mon?s 7n to exce$ #c7 = :i* ! individual w receive a mon?ly paym5t "u su* p>5tal leave b5efit 79 ?is section ref]r$ to z b5efit mon?s74 7#b7 ,election ( b5efit mon?s ,n lat] ?an #ad days be=e ! />t ( any mon? 9 ! b5efit p]iod ( an individual entitl$ to a p>5tal leave b5efit1 ! individual may elect to treat su* mon? z a b5efit mon?4 ,! numb] ( mon?s 9 su* b5efit p]iod treat$ z b5efit mon?s %all equal ! numb] select$ 9 ! individual's b5efit application1 & ! ,commission] may designate any mon? z a b5efit mon? 9 any case 9 :i* an individual does n elect to treat a suffici5t numb] ( mon?s z b5efit mon?s be=e ! end ( ! b5efit p]iod4 7#c7 ,am\nt ( mon?ly paym5t ,! am\nt ( a mon?ly paym5t made 9 any b5efit mon? )9 a b5efit p]iod to an individual entitl$ to a p>5tal leave b5efit %all be an am\nt equal to-- 7,a7 ! am\nt ( ! p>5tal leave b5efit det]m9$ = ! individual "u subsection 7b72 divid$ by 7,b7 ! numb] ( b5efit mon?s select$ by ! individual pursuant to p>agraph 7#a7 ) respect to su* b5efit4 7#d7 ,def9ition ( b5efit p]iod ,= purposes ( ?is section1 ! t]m b5efit p]iod means1 ) respect to an individual entitl$ to a p>5tal leave b5efit ) respect to a qualifi$ *ild1 ! #a-ye> p]iod beg9n+ ) ! mon? aft] ! mon? 9 :i* ! bir? or adoption ( ! qualifi$ *ild occurs4 7d7 ,b5efit application 7#a7 ,9 g5]al ,! ,commission] %all ensure t ! application = a p>5tal leave b5efit-- 7,a7 includes a notice1 cle>ly writt5 9 language t is easily und]/&able to ! read]1 expla9+ t-- 7i7 failure to submit su* pro( or docum5tation z ! ,commission] may require to demon/rate t ! applicant is ! p>5t ( ! qualifi$ *ild %all be subject to crim9al & civil p5alties2 7ii7 ! full co/ to ! ,tru/ ,funds ( any am\nt receiv$ by an individual z a p>5tal leave b5efit mu/ be repaid ?r\gh r$uctions to old-age insurance b5efits payable to ! individual 9 subsequ5t mon?s1 or by o!r means2 7iii7 entitlem5t to a p>5tal leave b5efit has no effect on ! det]m9ation ( an individual's entitlem5t to leave "u ! ,family & ,m$ical ,leave ,act ( #aiic2 & 7,b7 requires an atte/ation by ! individual submitt+ ! application t-- 7i7 ! individual expects to be ! p>5t ( a qualifi$ *ild ?r\gh\t ! b5efit p]iod ) respect to su* application2 7ii7 ! individual int5ds to use ! b5efit to f9ance sp5d+ m "t ) ! qualifi$ *ild at home & away f employm5t dur+ ! b5efit p]iod2 & 7iii7 ! individual cons5ts to ! t]ms & conditions specifi$ 9 ! notice describ$ 9 subp>agraph 7,a74 7#b7 ,option to file simultane\s applications ,! ,commission] ( ,social ,security may e/abli% an option "u :i* an individual may file an application = a p>5tal leave b5efit "u ?is section ) respect to a qualifi$ *ild at ! same "t ! individual submits an application = a social security acc\nt numb] = su* qualifi$ *ild4 7#c7 ,onl9e availability ,! ,commission] ( ,social ,security %all1 z soon z practicable aft] ! date ( enactm5t ( ?is section1 p]mit an individual to apply = a p>5tal leave b5efit ?r\gh an int]net website or o!r electronic m$ia4 7e7 ,fraud prev5tion 7#a7 ,9 g5]al ,! ,commission] ( ,social ,security %all e/abli% proc$ures to ensure ! prev5tion ( fraud ) respect to applications = p>5tal leave b5efits "u ?is section1 includ+ proc$ures = ! submission ( su* pro( or docum5tation z ! ,commission] may require to v]ify ! in=mation conta9$ 9 su* an application4 7#b7 ,en=cem5t ,9 any case 9 :i* an individual willfully1 kn[+ly1 & ) int5t to deceive ! ,commission] ( ,social ,security fails to comply ) ! proc$ures e/abli%$ "u p>agraph 7#a71 ! ,commission] may impose on su* individual1 9 addition to any o!r p5alties t may be prescrib$ by law-- 7,a7 a civil monet>y p5alty ( n m ?an #g1ejj = ea* su* failure2 & 7,b7 an assessm5t1 9 lieu ( any damages su/a9$ by ! ,unit$ ,/ates because ( su* failure1 ( n m ?an twice ! am\nt ( ! co/ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ( any p>5tal leave b5efit paid to ! individual4 7f7 ,b5efit repaym5t 7#a7 ,9 g5]al ,an individual :o is paid a p>5tal leave b5efit "u ?is section %all repay ! full co/ ( su* b5efit to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund 7z su* am\nt is det]m9$ by ! ,commission]7 9 accordance ) ?is subsection4 7#b7 ,old-age insurance b5efit (fset 7,a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#c71 9 ! case ( any individual describ$ 9 p>agraph 7#a7 :o becomes entitl$ to an old-age insurance b5efit1 d$uctions %all be made f ea* mon?ly paym5t ( su* b5efit 7n to exce$ ! fir/ #fj su* mon?ly paym5ts7 9 su* am\nts1 subject to subp>agraph 7,b71 z ! ,commission] ( ,social ,security %all det]m9e necess>y to fully recov] ! co/ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ( any p>5tal leave b5efit paid to ! individual z ( ! mon? 9 :i* ! individual becomes entitl$ to an old-age insurance b5efit4 7,b7 ,notification ,n lat] ?an ! beg9n+ ( ea* cal5d> ye>1 ! ,commission] ( ,social ,security %all notify ea* individual ^: old-age insurance b5efits are subject to a d$uction "u subp>agraph 7,a7 dur+ su* cal5d> ye> ( ! am\nt ( ! d$uction t w be appli$ to ea* mon?ly paym5t ( su* b5efits dur+ ! cal5d> ye>4 7#c7 ,alt]native increase ( retirem5t age 7,a7 ,9 g5]al ,9 ! case ( any individual describ$ 9 p>agraph 7#a7 :o becomes entitl$ to an old-age insurance b5efit1 su* individual may elect1 at ! "t ( application = su* b5efit1 to be subject to a retirem5t age increase 9 accordance ) ?is p>agraph4 ,su* election %all be irrevocable1 & an individual :o makes su* an election %all n be subject to a d$uction "u p>agraph 7#b7 = any mon?4 7,b7 ,retirem5t age increase ,not)/&+ section #baf7l77#a71 ) respect to an individual :o makes an election "u subp>agraph 7,a71 ! retirem5t age ( su* individual %all be deem$ to be-- 7i7 ! retirem5t age det]m9$ ) respect to ! individual "u su* section2 plus 7ii7 ! additional numb] ( mon?s ! ,commission] ( ,social ,security %all det]m9e necess>y to result 9 ! full recov]y ( ! co/ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ( any p>5tal leave b5efit paid to ! individual z ( ! mon? 9 :i* ! individual becomes entitl$ to an old-age insurance b5efit4 7,c7 ,increase to e>lie/ entitlem5t age ,9 ! case ( an individual :o makes an election "u subp>agraph 7,a71 not)/&+ subsection 7a7 ( section #bjb1 no old-age insurance b5efit %all be paid to su* individual = any mon? be=e ! fir/ mon? ?r\gh\t :i* ! individual has atta9$ age #fb plus ! additional numb] ( mon?s det]m9$ = ! individual "u subp>agraph 7,b77ii74 7#d7 ,o!r recov]y me?ods ,9 any case 9 :i* ! ,commission] ( ,social ,security det]m9es t ! co/ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ( a p>5tal leave b5efit paid to an individual _c be fully recov]$ pursuant to p>agraph 7#b7 or 7#c7-- 7,a7 su* b5efit %all be deem$1 ^u ! mak+ ( su* det]m9ation1 to be a paym5t ( m ?an ! correct am\nt = purposes ( section #bjd2 & 7,b7 ! ,commission] may recov] su* am\nts by means ( any me?od available to ! ,commission] "u su* section4 7#e7 ,projection ( repaym5t am\nt ,z soon z practicable aft] ! date ( enactm5t ( ?is section1 ! ,commission] %all e/abli% a sy/em to make available ?r\gh an int]net website or o!r electronic m$ia to ea* individual :o is paid a p>5tal leave b5efit "u ?is section1 beg9n+ ) ! fir/ mon? beg9n+ aft] ! individual's b5efit p]iod ! project$ am\nt ( ! d$uction to be made f ea* ( ! fir/ #fj mon?ly paym5ts ( old-age insurance b5efits "u p>agraph 7#b71 or if ! individual s elects1 ! additional numb] ( mon?s by :i* ! individual's retirem5t age w\ld be increas$ "u p>agraph 7#c71 9 ord] to fully repay ! co/ to ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund ( any p>5tal leave b5efit paid to ! individual1 & a description ( ! assumptions us$ by ! ,commission] 9 mak+ su* projection4 7g7 ,relation%ip ) ,/ate law2 employ] b5efits 7#a7 ,9 g5]al ,?is section does n preempt or sup]s$e any provision ( ,/ate or local law t au?orizes a ,/ate or political subdivision to provide paid p>5tal or family m$ical leave b5efits simil> to ! b5efits provid$ "u ?is section4 7#b7 ,great] b5efits all[$ ,no?+ 9 ?is ,act %all be con/ru$ to dim9i% ! obligation ( an employ] to comply ) any contract1 collective b>ga9+ agreem5t1 or employm5t b5efit program or plan t provides great] b5efits = leave or o!r leave rights to individuals ?an ! b5efits = leave or leave rights e/abli%$ "u ?is ,act4 7h7 ,sunset ,no application = p>5tal leave b5efits "u ?is section may be fil$ 9 any cal5d> ye> if ! ,,oasdi tru/ fund ratio 7z def9$ 9 section #bae7;i77 = su* cal5d> ye> or = ! ye> foll[+ su* cal5d> ye> is project$1 bas$ on ! int]m$iate projections 9 ! mo/ rec5t 7z ( ,janu>y #a ( su* cal5d> ye>7 annual report issu$ "u section #bja7;c77#b71 to be less ?an #bj p]c5t4 7i7 ,def9itions ,= purposes ( ?is section-- 7#a7 ! t]m qualifi$ *ild means1 ) respect to an individual = a b5efit p]iod1 a biological *ild or legally adopt$ *ild ( ! individual 7z det]m9$ by ! ,commission] ( ,social ,security7 :o-- 7,a7 w n atta9 #ah ye>s ( age be=e ! end ( su* b5efit p]iod2 & 7,b7 w be resid+ )1 & "u ! c>e (1 ! individual dur+ ! b5efit p]iod z det]m9$ by ! ,commission]4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,nonpaym5t provisions ,section #bjb ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7 is am5d$-- 7,a7 9 subsection 7n77#a77;,a71 by /rik+ "u ?is section or section #bbc & ins]t+ "u ?is section1 section #bai1 or section #bbc2 7,b7 9 subsection 7t71 9 p>agraphs 7#a7 & 7#aj71 by /rik+ "u ?is section or "u section #bbc ea* place x appe>s & ins]t+ "u ?is section1 "u section #bai1 or "u section #bbc2 7,c7 9 subsection 7u77#a71 by /rik+ "u ?is section or section #bbc & ins]t+ "u ?is section1 section #bai1 or section #bbc2 & 7,d7 9 subsection 7x7-- 7i7 9 p>agraph 7#a77;,a71 by /rik+ "u ?is section or "u section #bbc & ins]t+ "u ?is section1 "u section #bai1 or "u section #bbc2 & 7ii7 9 p>agraph 7#b71 by /rik+ "u ?is section or section #bbc & ins]t+ "u ?is section1 section #bai1 or section #bbc4 7#b7 ,delay$ retirem5t cr$its ,section #bjb7w7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7w77 is am5d$ by ins]t+ aft] age #gj ea* place x appe>s ! foll[+3 7or1 9 ! case ( an individual ^: retirem5t age is increas$ "u section #bai7;f77#c71 age #gj plus ! numb] ( mon?s by :i* ! individual's retirem5t age is s increas$74 7#c7 ,volunt>y susp5sion ( b5efits ,section #bjb7z77#a77;,a77ii7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7z77#a77;,a77ii77 is am5d$ by /rik+ ! age ( #gj & ins]t+ age #gj 7or1 9 ! case ( an individual ^: retirem5t age is increas$ "u section #bai7;f77#c71 age #gj plus ! numb] ( mon?s by :i* ! individual's retirem5t age is s increas$74 7#d7 ,numb] ( b5efit computation ye>s ,section #bae7;b77#b77;,a7 ( su* ,act 7#db ,u4,s4,c4 #dae7;b77#b77;,a77 is am5d$-- 7,a7 9 clause 7i71 by /rik+ 1 & & ins]t+ a semicolon2 7,b7 9 clause 7ii71 by /rik+ ! p]iod & ins]t+ 2 &2 & 7,c7 by ins]t+ aft] clause 7ii7 ! foll[+3 7iii7 9 ! case ( an individual :o is entitl$ to a p>5tal leave b5efit "u section #bai1 by ! numb] ( ye>s equal to "o-fif? ( su* individual's elaps$ ye>s 7disreg>d+ any result+ fractional "p ( a ye>71 b n by m ?an #e ye>s4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to applications = p>5tal leave b5efits fil$ aft] #bjba4