,,ii #aag? ,,congress #a/ ,session ,s4 #cjgj ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,octob] #bf1 #bjba,mr4 ,s*atz 7= himself & ,ms4 ,duckwor?7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to improve ! retirem5t security ( ,am]ican families by increas+ ,social ,security b5efits = curr5t & future b5efici>ies :ile mak+ ,social ,security /rong] = future g5]ations4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,safegu>d+ ,am]ican ,families & ,exp&+ ,social ,security ,act ( #bjba4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4,sec4 #b4 ,det]m9ation ( taxable wages & self-employm5t income above contribution & b5efit base aft] #bjba4,sec4 #c4 ,adju/m5ts to prim>y insurance am\nt =mula & inclusion ( surplus e>n+s = b5efit det]m9ations4,sec4 #d4 ,increase 9 b5efit am\nts = long-t]m eligible individuals4,sec4 #e4 ,computation ( co/-(-liv+ increases = ,social ,security b5efits2 consum] price index = eld]ly consum]s4,sec4 #f4 ,deem$ wages = c>egiv]s ( dep5d5t relatives4,sec4 #g4 ,increase 9 m9imum b5efit = lifetime l[ e>n]s bas$ on ye>s 9 ! work=ce4,sec4 #h4 ,elim9ation ( disability wait+ p]iod = disability insurance b5efits & surviv+ sp\se b5efits4,sec4 #i4 ,tax on inve/m5t ga94,sec4 #aj4 ,hold+ ,,ssi1 ,m$icaid1 & ,,*ip b5efici>ies h>mless4 #b4 ,det]m9ation ( taxable wages & self-employm5t income above contribution & b5efit base aft] #bjba 7a7 ,det]m9ation ( taxable wages above contribution & b5efit base aft] #bjba 7#a7 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf ,section #caba ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 subsection 7a77#a71 by ins]t+ ! applicable p]c5tage 7det]m9$ "u subsection 7c77#a77 ( be=e t "p ( ! remun]ation2 & 7,b7 9 subsection 7c71 by /rik+ 7c7 ,includ$ & exclud$ s]vice4--,= purposes ( ?is *apt]1 if & ins]t+ ! foll[+3 7c7 ,special rules = wages & employm5t 7#a7 ,applicable p]c5tage ( remun]ation 9 det]m9+ taxable wages ,= purposes ( subsection 7a77#a71 ! applicable p]c5tage = a cal5d> ye> %all be equal to-- 7,a7 = #bjbb1 #hj p]c5t2 7,b7 = #bjbc ?r\gh #bjbe1 ! applicable p]c5tage "u ?is p>agraph = ! previ\s ye>1 decreas$ by #bj p]c5tage po9ts2 & 7,c7 = #bjbf & ea* ye> !reaft]1 #j p]c5t4 7#b7 ,includ$ & exclud$ s]vice ,= purposes ( ?is *apt]1 if 4 7#b7 ,am5dm5ts to ! ,social ,security ,act ,section #bji ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dji7 is am5d$-- 7,a7 9 subsection 7a77#a7-- 7i7 9 subp>agraph 7,i7-- 7,i7 by ins]t+ & be=e #bjbb aft] #aigd2 & 7,,ii7 by ins]t+ & aft] ! semicolon2 7ii7 by add+ at ! end ! foll[+ new subp>agraph3 7,j7 ,! applicable p]c5tage 7det]m9$ "u subsection 7l77 ( t "p ( remun]ation :i*1 aft] remun]ation 7o!r ?an remun]ation ref]r$ to 9 ! succe$+ subsections ( ?is section7 equal to ! contribution & b5efit base 7det]m9$ "u section #bcj7 ) respect to employm5t has be5 paid to an individual dur+ any cal5d> ye> aft] #bjba ) respect to :i* su* contribution & b5efit base is effective1 is paid to su* individual dur+ su* cal5d> ye>2 2 & 7,b7 by add+ at ! end ! foll[+ new subsection3 7l7 ,= purposes ( subsection 7a77#a77;,j71 ! applicable p]c5tage = a cal5d> ye> %all be equal to-- 7#a7 = #bjbb1 #hj p]c5t2 7#b7 = #bjbc ?r\gh #bjbe1 ! applicable p]c5tage "u ?is subsection = ! previ\s ye>1 decreas$ by #bj p]c5tage po9ts2 & 7#c7 = #bjbf & ea* ye> !reaft]1 #j p]c5t4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply ) respect to remun]ation paid 9 cal5d> ye>s aft] #bjba4 7b7 ,det]m9ation ( taxable self-,employm5t income above contribution & b5efit base aft] #bjba 7#a7 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf ,section #adjb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 subsection 7b77#a71 by /rik+ t "p ( ! net e>n+s & all t foll[s ?r\gh m9us & ins]t+ ! foll[+3 an am\nt equal to ! applicable p]c5tage 7z det]m9$ "u subsection 7d77#b77 ( t "p ( ! net e>n+s f self-employm5t :i* is 9 excess ( ! diff]5ce 7n to be less ?an z]o7 betwe5 7i7 an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj ( ! ,social ,security ,act7 :i* is effective = ! cal5d> ye> 9 :i* su* taxable ye> beg9s1 &2 & 7,b7 9 subsection 7d7-- 7i7 by /rik+ 7d7 ,employee & wages4--,! t]m & ins]t+ ! foll[+3 7d7 ,rules & def9itions 7#a7 ,employee & wages ,! t]m 2 & 7ii7 by add+ at ! end ! foll[+3 7#b7 ,applicable p]c5tage ( net e>n+s f self-employm5t 9 det]m9+ taxable self-employm5t income ,= purposes ( subsection 7b77#a71 ! applicable p]c5tage = a taxable ye> beg9n+ 9 any cal5d> ye> ref]r$ to 9 su* subsection %all be equal to-- 7,a7 = #bjbb1 #hj p]c5t2 7,b7 = #bjbc ?r\gh #bjbe1 ! applicable p]c5tage "u ?is p>agraph = ! previ\s ye>1 decreas$ by #bj p]c5tage po9ts2 & 7,c7 = #bjbf & ea* ye> !reaft]1 #j p]c5t4 4 7#b7 ,am5dm5ts to ! ,social ,security ,act ,section #baa ( ! ,social ,security ,act 7#db ,u4,s4,c4 #daa7 is am5d$-- 7,a7 9 subsection 7b7-- 7i7 9 p>agraph 7#a77;,i7-- 7,i7 by /rik+ or aft] ! semicolon2 & 7,,ii7 by ins]t+ & be=e #bjbb aft] #aigd2 7ii7 by r$esignat+ p>agraph 7#b7 z p>agraph 7#c72 & 7iii7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 ,= any taxable ye> beg9n+ 9 any cal5d> ye> aft] #bjba1 an am\nt equal to ! applicable p]c5tage 7z det]m9$ "u subsection 7l77 ( t "p ( net e>n+s f self-employm5t :i* is 9 excess ( ! diff]5ce 7n to be less ?an z]o7 betwe5-- 7,a7 an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj7 t is effective = su* cal5d> ye>1 & 7,b7 ! am\nt ( ! wages paid to su* individual dur+ su* taxable ye>2 or 2 & 7,b7 by add+ at ! end ! foll[+3 7l7 ,= purposes ( subsection 7b77#b71 ! applicable p]c5tage = a taxable ye> beg9n+ 9 any cal5d> ye> ref]r$ to 9 su* p>agraph %all be equal to-- 7#a7 = #bjbb1 #hj p]c5t2 7#b7 = #bjbc ?r\gh #bjbe1 ! applicable p]c5tage "u ?is subsection = ! previ\s ye>1 decreas$ by #bj p]c5tage po9ts2 & 7#c7 = #bjbf & ea* ye> !reaft]1 #j p]c5t4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply ) respect to taxable ye>s beg9n+ aft] cal5d> ye> #bjba4 #c4 ,adju/m5ts to prim>y insurance am\nt =mula & inclusion ( surplus e>n+s = b5efit det]m9ations 7a7 ,increase 9 p]c5tage factor = l[e/ portion ( e>n+s us$ to det]m9e prim>y insurance am\nts ,section #bae7;a77#a77;,a77i7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,a77i77 is am5d$ by /rik+ #ij p]c5t & ins]t+ #ie p]c5t4 7b7 ,inclusion ( surplus av]age index$ mon?ly e>n+s 9 det]m9ation ( prim>y insurance am\nts 7#a7 ,9 g5]al ,section #bae7;a77#a77;,a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,a77 is am5d$-- 7,a7 9 clauses 7i71 7ii71 & 7iii71 by ins]t+ basic be=e av]age index$ mon?ly e>n+s ea* place x appe>s2 7,b7 9 clause 7ii71 by /rik+ & at ! end2 7,c7 9 clause 7iii71 by add+ & at ! end2 & 7,d7 by ins]t+ aft] clause 7iii7 ! foll[+ new clause3 7iv7 #e p]c5t ( ! individual's surplus av]age index$ mon?ly e>n+s1 4 7#b7 ,b5d po9t adju/m5ts ,section #bae7;a77#a77;,b7 ( su* ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,b77 is am5d$-- 7,a7 9 clause 7i71 by ins]t+ ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits71 9 ! cal5d> ye> #bjbb1 ! am\nt e/abli%$ = purposes ( clause 7ii7 ( subp>agraph 7,a7 %all be #f1cjj4 aft] ! p]iod2 7,b7 9 clause 7ii7-- 7i7 by r$esignat+ subclauses 7,i7 & 7,,ii7 z items 7aa7 & 7bb71 respectively2 7ii7 by /rik+ ,= individuals & ins]t+ 7,i7 ,subject to subclause 7,,ii71 = individuals2 & 7iii7 by add+ at ! end ! foll[+ new subclause3 7,,ii7 ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits71 9 any cal5d> ye> aft] #bjbb1 ! am\nt e/abli%$ = purposes ( clause 7ii7 ( subp>agraph 7,a7 %all equal ! product ( ! am\nt e/abli%$ ) respect to cal5d> ye> #bjbb "u clause 7i7 ( ?is subp>agraph & ! quoti5t obta9$ by divid+-- 7aa7 ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> = :i* ! det]m9ation is made1 by 7bb7 ! national av]age wage index 7z s def9$7 = #bjbj4 2 7,c7 by r$esignat+ clause 7iii7 z clause 7iv72 & 7,d7 by ins]t+ aft] clause 7ii7 ! foll[+ new clause3 7iii7 ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits7 9 any cal5d> ye> aft] #bjbf1 ! am\nt det]m9$ "u clause 7ii7 ( ?is subp>agraph = purposes ( subp>agraph 7,a77i7 = su* cal5d> ye> %all be increas$ by-- 7,i7 = cal5d> ye> #bjbg1 #a p]c5t2 7,,ii7 = ea* ( cal5d> ye>s #bjbh ?r\gh #bjdj1 ! p]c5t det]m9$ "u ?is clause = ! prec$+ ye> increas$ by #a p]c5tage po9t2 & 7,,iii7 = cal5d> ye> #bjda & ea* ye> !reaft]1 #ae p]c5t4 4 7#c7 ,recomputation ( b5efits = exi/+ b5efici>ies ,section #bae7;f7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;f77 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#aj7 ,recomputation ( prim>y insurance am\nt = individuals :o became eligible = b5efits be=e #bjbb 7,a7 ,! ,commission] ( ,social ,security %all recompute ! prim>y insurance am\nts applicable to b5efici>ies ^: b5efits are bas$ on a prim>y insurance am\nt t 0 comput$ "u ?is section effective prior to ,janu>y #bjbb4 ,su* recomputation %all be effective ,janu>y #bjbb4 7,b7 ,9 recomput+ ! prim>y insurance am\nt applicable to a b5efici>y "u ?is p>agraph1 ! ,commission] ( ,social ,security %all calculate ! prim>y insurance am\nt ( ! individual "u subsection 7a77#a7 z 9 effect on ! date t su* prim>y insurance am\nt 0 initially comput$1 except t ! ,commission] %all sub/itute = ! am\nt t appli$ "u subp>agraph 7,b77ii7 ( su* subsection on su* date an am\nt equal to ! product (-- 7i7 ! am\nt t appli$ "u su* subp>agraph on su* date2 & 7ii7 ! ratio (-- 7,i7 #f1cjj2 to 7,,ii7 #f1jjb4 7,c7 ,ea* am\nt det]m9$ "u subp>agraph 7,b7 %all be r\nd$ to ! ne>e/ #a1 except t any am\nt s e/abli%$ :i* is a multiple ( #j4ej b n ( #a %all be r\nd$ to ! next high] #a4 7,d7 ,if a prim>y insurance am\nt applicable to a b5efici>y1 z recomput$ "u ?is p>agraph1 is l[] ?an ! prim>y insurance am\nt applicable to su* b5efici>y z x 0 orig9ally comput$1 su* high] prim>y insurance am\nt %all cont9ue to apply to su* b5efici>y4 4 7c7 ,basic ,,aime & surplus ,,aime 7#a7 ,basic ,,aime ,section #bae7;b77#a7 ( su* ,act 7#db ,u4,s4,c4 #dae7;b77#a77 is am5d$-- 7,a7 by ins]t+ basic be=e av]age2 & 7,b7 9 subp>agraph 7,a71 by /rik+ p>agraph 7#c7 & ins]t+ p>agraph 7#c77;,a7 & by ins]t+ be=e ! comma ! foll[+3 to ! ext5t su* total does n exce$ ! contribution & b5efit base = ! applicable ye>4 7#b7 ,surplus ,,aime 7,a7 ,9 g5]al ,section #bae7;b77#a7 ( su* ,act 7z am5d$ by p>agraph 7#a77 is am5d$-- 7i7 by r$esignat+ subp>agraphs 7,a7 & 7,b7 z clauses 7i7 & 7ii71 respectively2 7ii7 by /rik+ ,an individual's & ins]t+ 7,a7 ,an individual's2 & 7iii7 by add+ at ! end ! foll[+ new subp>agraph3 7,b7 7i7 ,an individual's surplus av]age index$ mon?ly e>n+s %all be equal to ! quoti5t obta9$ by divid+-- 7,i7 ! total 7aft] adju/m5t "u p>agraph 7#c77;,b77 ( su* individual's surplus e>n+s 7det]m9$ "u clause 7ii77 = su* individual's b5efit computation ye>s 7det]m9$ "u p>agraph 7#b771 by 7,,ii7 ! numb] ( mon?s 9 ^? ye>s4 7ii7 ,= purposes ( clause 7i7 & p>agraph 7#c77;,b71 an individual's surplus e>n+s = a b5efit computation ye> are ! total ( su* individual's wages paid 9 & self-employm5t income cr$it$ to su* b5efit computation ye>1 to ! ext5t su* total 7be=e adju/m5t "u p>agraph 7#c77;,b77 exce$s ! contribution & b5efit base = su* ye>4 4 7,b7 ,con=m+ am5dm5t ,! head+ = section #bae7;b7 ( su* ,act is am5d$ by /rik+ ,av]age ,index$ ,mon?ly ,e>n+s & ins]t+ ,basic ,av]age ,index$ ,mon?ly ,e>n+s2 ,surplus ,av]age ,index$ ,mon?ly ,e>n+s4 7#c7 ,adju/m5t ( surplus e>n+s = purposes ( det]m9+ surplus ,,aime ,section #bae7;b77#c7 ( su* ,act 7#db ,u4,s4,c4 #dae7;b77#c77 is am5d$-- 7,a7 9 subp>agraph 7,a7-- 7i7 by /rik+ subp>agraph 7,b7 & ins]t+ subp>agraph 7,c7 &2 7ii7 by ins]t+ & det]m9ation ( basic av]age index$ mon?ly income "u p>agraph 7#a77;,a7 aft] p>agraph 7#b72 7,b7 by r$esignat+ subp>agraph 7,b7 z subp>agraph 7,c72 & 7,c7 by ins]t+ aft] subp>agraph 7,a7 ! foll[+ new subp>agraph3 7,b7 ,= purposes ( det]m9+ "u p>agraph 7#a77;,b7 an individual's surplus av]age index$ mon?ly e>n+s1 ! individual's surplus e>n+s = a b5efit computation ye> %all be deem$ to be equal to ! product (-- 7i7 ! individual's surplus e>n+s = su* ye> 7z det]m9$ )\t reg>d to ?is subp>agraph71 & 7ii7 ! quoti5t describ$ 9 subp>agraph 7,a77ii74 4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to individuals :o initially become eligible 7)9 ! mean+ ( section #bae7;a77#c77;,b7 ( ! ,social ,security ,act7 = old-age or disability insurance b5efits "u title ,,ii ( ! ,social ,security ,act1 or :o die 7be=e becom+ eligible = su* b5efits71 9 any cal5d> ye> aft] #bjbf4 #d4 ,increase 9 b5efit am\nts = long-t]m eligible individuals 7a7 ,9 g5]al ,section #bjb ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7aa7 ,increase 9 b5efit am\nts = long-t]m eligible individuals 7#a7 ,9 g5]al ,! am\nt ( a mon?ly b5efit :i* is payable to an individual = a mon? "u subsections 7a7 ?r\gh 7h7 or section #bbc7;a7 7z det]m9$ )\t reg>d to ?is subsection7 %all be increas$ by #e p]c5t if ! individual is a long-t]m eligible individual dur+ any "p ( su* mon?4 7#b7 ,long-t]m eligible individual def9$ 7,a7 ,9 g5]al ,! t]m long-t]m eligible individual means an individual :o-- 7i7 is entitl$ to a mon?ly b5efit "u subsections 7a7 ?r\gh 7h7 or section #bbc7;a72 & 7ii7 has atta9$ #hb ye>s ( age or #bdj b5efit mon?s 7z def9$ 9 subp>agraph 7,b771 :i*ev] is e>li]4 7,b7 ,b5efit mon? 7i7 ,9 g5]al ,= purposes ( subp>agraph 7,a71 ! t]m b5efit mon? means a mon? = :i* an individual-- 7,i7 has atta9$ age #ai2 & 7,,ii7 is entitl$ to a mon?ly b5efit "u subsections 7a7 ?r\gh 7h7 ( section #bjb or section #bbc7;a74 7ii7 ,exclusions ,su* t]m excludes any mon? 9 :i* an individual is-- 7,i7 entitl$ to a b5efit "u ?is section or section #bbc7;a7 t is n payable or r$uc$ to z]o by application ( subsection 7k71 7n71 7t71 7u71 7v71 or 7x7 ( ?is section2 or 7,,ii7 subject to a p5alty "u section #aabi;,a4 7#c7 ,disreg>d ( increase = purposes ( family maximum ,! am\nt ( any increase "u ?is subsection to a mon?ly b5efit am\nt ( a long-t]m eligible individual %all be disreg>d$ = purposes ( apply+ section #bjc7;a74 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #bjb ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7 is am5d$-- 7,a7 9 subsection 7a71 by /rik+ subsection 7q7 & subsection 7w7 & ins]t+ subsections 7q71 7w71 & 7aa72 7,b7 9 subsections 7b77#b7 & 7c77#b71 by /rik+ subsections 7k77#e7 & 7q7 & ins]t+ subsections 7k77#e71 7q71 & 7aa72 7,c7 9 subsection 7d77#b71 by /rik+ ,su* *ild's ea* place x appe>s & ins]t+ ,subject to subsection 7aa71 su* *ild's2 7,d7 9 subsections 7e77#b77;,a7 & 7f77#b77;,a71 by ins]t+ subsection 7aa71 aft] subsection 7q712 7,e7 9 subsection 7g77#b71 by /rik+ ,su* "m's or fa!r's & ins]t+ ,subject to subsection 7aa71 su* "m's or fa!r's2 & 7,f7 9 subsection 7h77#b77;,a71 by ins]t+ subsection 7aa7 & be=e subp>agraphs 7,b7 & 7,c74 7#b7 ,section #bbc7;a77#b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dbc7;a77#b77 is am5d$-- 7,a7 9 ! matt] prec$+ subp>agraph 7,a71 by /rik+ section #bjb7q7 & ins]t+ subsections 7q7 & 7aa7 ( section #bjb2 & 7,b7 9 subp>agraph 7,b71 by /rik+ clause 7ii7 & ins]t+ subdivision 7ii7 or 7iii7 ( ! matt] foll[+ subp>agraph 7,e74 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to b5efits payable = mon?s 9 any cal5d> ye> aft] #bjbf4 #e4 ,computation ( co/-(-liv+ increases = ,social ,security b5efits2 consum] price index = eld]ly consum]s 7a7 ,computation ( co/-(-,liv+ increases 7#a7 ,9 g5]al ,section #bae7;i7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77 is am5d$-- 7,a7 9 p>agraph 7#a77;,g71 by ins]t+ be=e ! p]iod ! foll[+3 1 &1 ) respect to any mon?ly insurance b5efit payable "u ?is title1 effective = adju/m5ts "u ?is subsection to ! prim>y insurance am\nt on :i* su* b5efit is bas$ 7or to any su* b5efit "u section #bbg or #bbh71 ! applicable ,consum] ,price ,index %all be ! ,consum] ,price ,index = ,eld]ly ,consum]s & su* prim>y insurance am\nt %all be adju/$ "u ?is subsection us+ su* ,index2 & 7,b7 9 p>agraph 7#d7-- 7i7 by /rik+ & by section #ijja & ins]t+ 1 by section #ijja2 & 7ii7 by /rik+ #aihf1 & ins]t+ #aihf1 & by section #e7;a7 ( ! ,safegu>d+ ,am]ican ,families & ,exp&+ ,social ,security ,act ( #bjba14 7#b7 ,con=m+ am5dm5ts 9 applicable =m] law ,section #bae7;i77#a77;,c7 ( ! ,social ,security ,act1 z 9 effect 9 ,decemb] #aigh & appli$ 9 c]ta9 cases "u ! provisions ( su* ,act 9 effect aft] ,decemb] #aigh1 is am5d$ by ins]t+ be=e ! p]iod ! foll[+3 1 &1 ) respect to any mon?ly insurance b5efit payable "u ?is title1 effective = adju/m5ts "u ?is subsection to ! prim>y insurance am\nt on :i* su* b5efit is bas$ 7or to any su* b5efit "u section #bbg or #bbh71 ! applicable ,consum] ,price ,index %all be ! ,consum] ,price ,index = ,eld]ly ,consum]s & su* prim>y insurance am\nt %all be adju/$ "u ?is subsection us+ su* ,index4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply to det]m9ations made by ! ,commission] ( ,social ,security "u section #bae7;i77#b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#b77 ) respect to co/-(-liv+ computation qu>t]s end+ on or aft] ,septemb] #cj1 #bjbb4 7b7 ,consum] price index = eld]ly consum]s 7#a7 ,9 g5]al ,! ,bureau ( ,labor ,/ati/ics ( ! ,dep>tm5t ( ,labor %all prep>e & publi% an index = ea* cal5d> mon? to be kn[n z ! ,consum] ,price ,index = ,eld]ly ,consum]s t indicates *anges ov] "t 9 exp5ditures = consumption :i* are typical = individuals 9 ! ,unit$ ,/ates :o h atta9$ e>ly retirem5t age 7z def9$ "u section #baf7l77#b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #daf7l77#b77 = purposes ( an old-age1 wife's1 or husb&'s insurance b5efit74 7#b7 ,effective date ,p>agraph 7#a7 %all apply ) respect to cal5d> mon?s end+ on or aft] ,june #cj ( ! cal5d> ye> 9 :i* ?is ,act is enact$4 7#c7 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$ su* sums z are necess>y to c>ry out ! provisions ( ?is subsection4 #f4 ,deem$ wages = c>egiv]s ( dep5d5t relatives 7a7 ,9 g5]al ,title ,,ii ( ! ,social ,security ,act is am5d$ by add+ aft] section #bcd 7#db ,u4,s4,c4 #dcd7 ! foll[+ new section3 #bce4 ,deem$ wages = c>egiv]s ( dep5d5t relatives 7a7 ,def9itions ,= purposes ( ?is section-- 7#a7 7,a7 ,subject to subp>agraph 7,b71 ! t]m qualify+ mon? means1 9 connection ) an individual1 any mon?-- 7i7 beg9n+ aft] ! date ( enactm5t ( ! ,safegu>d+ ,am]ican ,families & ,exp&+ ,social ,security ,act ( #bjba2 & 7ii7 dur+ :i* su* individual 0 engag$ = n less ?an #hj h\rs 9 provid+ c>e to a dep5d5t relative )\t monet>y comp5sation4 7,b7 ,! t]m qualify+ mon? does n include any mon? end+ aft] ! date on :i* su* individual atta9s retirem5t age 7z def9$ 9 section #baf7l774 7,c7 ,= purposes ( subp>agraph 7,a77ii71 assi/ance provid$ to a family c>egiv] ( an eligible vet]an "u section #agbj;,g ( title #ch1 ,unit$ ,/ates ,code1 %all n be consid]$ monet>y comp5sation = provid+ c>e to su* eligible vet]an4 7#b7 ,! t]m dep5d5t relative means1 9 connection ) an individual-- 7,a7 a *ild1 gr&*ild1 sibl+1 niece1 or nephew 7( su* individual or su* individual's sp\se or dome/ic p>tn]71 or a *ild to :i* ! individual or ! individual's sp\se or dome/ic p>tn] is /&+ 9 loco p>5tis1 :o is "u ! age ( #af2 or 7,b7 a *ild1 gr&*ild1 niece1 or nephew 7( su* individual or su* individual's sp\se or dome/ic p>tn]71 a *ild to :i* ! individual or ! individual's sp\se or dome/ic p>tn] is /&+ 9 loco p>5tis1 a p>5t1 gr&p>5t1 sibl+1 aunt1 or uncle 7( su* individual or 8 or h] sp\se or dome/ic p>tn]71 or su* individual's sp\se or dome/ic p>tn]1 if su* *ild1 gr&*ild1 niece1 nephew1 p>5t1 gr&p>5t1 sibl+1 aunt1 uncle1 sp\se1 or dome/ic p>tn] is a *ronically dep5d5t individual4 7#c7 7,a7 ,! t]m *ronically dep5d5t individual means an individual :o-- 7i7 is dep5d5t on a daily basis on v]bal rem9d+1 physical cue+1 sup]vision1 or o!r assi/ance provid$ to ! individual by ano!r p]son 9 ! p]=mance ( at lea/ two ( ! activities ( daily liv+ 7describ$ 9 subp>agraph 7,b77 or in/rum5tal activities ( daily liv+ 7describ$ 9 subp>agraph 7,c772 & 7ii7 )\t ! assi/ance describ$ 9 clause 7i71 c\ld n p]=m su* activities ( daily liv+ or in/rum5tal activities ( daily liv+4 7,b7 ,! activities ( daily liv+ ref]r$ to 9 subp>agraph 7,a7 means basic p]sonal ev]yday activities1 includ+-- 7i7 eat+2 7ii7 ba?+2 7iii7 dress+2 7iv7 toilet+2 & 7v7 transf]r+ 9 & out ( a b$ or 9 & out ( a *air4 7,c7 ,! in/rum5tal activities ( daily liv+ ref]r$ to 9 subp>agraph 7,a7 means activities relat$ to liv+ indep5d5tly 9 ! community1 includ+-- 7i7 meal plann+ & prep>ation2 7ii7 manag+ f9ances2 7iii7 %opp+ = food1 clo?+1 or o!r ess5tial items2 7iv7 p]=m+ ess5tial h\sehold *ores2 7v7 communicat+ by phone or o!r =m ( m$ia2 & 7vi7 travel+ ar\nd & p>ticipat+ 9 ! community4 7b7 ,deem$ ,wages ( ,c>egiv] 7#a7 7,a7 ,= purposes ( det]m9+ entitlem5t to & ! am\nt ( any mon?ly b5efit = any mon? aft] ,decemb] #bjai1 or entitlem5t to & ! am\nt ( any lump-sum dea? paym5t 9 ! case ( a dea? aft] su* mon?1 payable "u ?is title on ! basis ( ! wages & self-employm5t income ( any individual1 & = purposes ( section #baf7;i77#c71 su* individual %all be deem$ to h be5 paid dur+ ea* qualify+ mon? 79 addition to wages or self-employm5t income actually paid to or d]iv$ by su* individual dur+ su* mon?7 at an am\nt p] mon? equal to-- 7i7 9 ! case ( a qualify+ mon? dur+ :i* no wages or self-employm5t income 7 actually paid to or d]iv$ by su* individual-- 7,i7 #ej p]c5t ( ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> 9 :i* su* mon? occurs2 or 7,,ii7 if ! dep5d5t relative to :i* ! individual provid$ c>e dur+ su* mon? 01 at any "t dur+ su* mon?1 a *ild "u ! age ( #f or a *ronically dep5d5t individual1 #ajj p]c5t ( ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> 9 :i* su* mon? occurs2 7ii7 9 ! case ( a qualify+ mon? 9 :i* an individual engages 9 employm5t or any trade or bus9ess c>ri$ on by ! individual or by a p>tn]%ip ( :i* ! individual is a memb] = n m ?an #hj h\rs1 #ej p]c5t ( ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> 9 :i* su* mon? occurs2 & 7iii7 9 ! case ( any o!r qualify+ mon?1 ! excess ( ! am\nt det]m9$ "u clause 7i7 ov] #a_/b ( ! wages or self-employm5t income actually paid to or d]iv$ by su* individual dur+ su* mon?4 7,b7 ,9 any case 9 :i* !re are m ?an #abj qualify+ mon?s = an individual1 only ! la/ #fj ( su* mon?s %all be tak5 into acc\nt = purposes ( ?is section4 7#b7 ,p>agraph 7#a7 %all n be applicable 9 ! case ( any mon?ly b5efit or lump-sum dea? paym5t if a l>g] su* b5efit or paym5t1 z ! case may be1 w\ld be payable )\t its application4 7c7 ,rules & regulations 7#a7 ,n lat] ?an "o ye> aft] ! date ( ! enactm5t ( ?is section1 ! ,commission] ( ,social ,security %all promulgate su* regulations z are necess>y to c>ry out ?is section & to prev5t fraud & abuse ) respect to ! b5efits "u ?is section1 includ+ regulations e/abli%+ proc$ures = ! application & c]tification requirem5ts describ$ 9 p>agraph 7#b74 7#b7 ,a qualify+ mon? %all n be tak5 into acc\nt "u ?is section ) respect to an individual unless-- 7,a7 ! individual submits to ! ,commission] ( ,social ,security an application = b5efits "u ?is section t includes-- 7i7 ! "n & id5tify+ in=mation ( ! dep5d5t relative ) respect to :om ! individual 0 engag$ 9 provid+ c>e dur+ su* mon?2 7ii7 if ! dep5d5t relative is n a *ild "u ! age ( #af1 docum5tation f ! physician ( ! dep5d5t relative expla9+ :y ! dep5d5t relative is a *ronically dep5d5t individual2 & 7iii7 su* o!r in=mation z ! ,commission] may require to v]ify ! /atus ( ! dep5d5t relative2 & 7,b7 = e qualify+ mon? or p]iod ( up to #ab consecutive qualify+ mon?s t occurs aft] ! fir/ p]iod ( #ab consecutive qualify+ mon?s1 ! individual c]tifies1 9 su* =m & mann] z ! ,commission] %all require1 t ! in=mation provid$ 9 ! individual's application = b5efits "u ?is section has n *ang$4 4 7b7 ,con=m+ am5dm5t ,section #bji7k77#a7 ( su* ,act 7#db ,u4,s4,c4 #dji7k77#a77 is am5d$-- 7#a7 by /rik+ & be=e #bcj7;b77#b7 ! fir/ "t x appe>s2 & 7#b7 by ins]t+ & #bce7;b77#a77;,a77i71 aft] #aigg714 #g4 ,increase 9 m9imum b5efit = lifetime l[ e>n]s bas$ on ye>s 9 ! work=ce 7a7 ,9 g5]al ,section #bae7;a77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77 is am5d$-- 7#a7 by r$esignat+ subp>agraph 7,d7 z subp>agraph 7,e72 & 7#b7 by ins]t+ aft] subp>agraph 7,c7 ! foll[+ new subp>agraph3 7,d7 7i7 ,effective ) respect to ! b5efits ( individuals :o become eligible = old-age insurance b5efits or disability insurance b5efits 7or die be=e becom+ s eligible7 aft] #bjba1 no prim>y insurance am\nt comput$ "u subp>agraph 7,a7 may be less ?an ! great] (-- 7,i7 ! m9imum mon?ly am\nt comput$ "u subp>agraph 7,c72 or 7,,ii7 9 ! case ( an individual :o has m ?an #aj ye>s ( "w 7z def9$ 9 clause 7iv77,i771 ! alt]native m9imum am\nt det]m9$ "u clause 7ii74 7ii7 7,i7 ,! alt]native m9imum am\nt det]m9$ "u ?is clause is ! applicable p]c5tage ( #a_/ab ( ! annual doll> am\nt det]m9$ "u clause 7iii7 = ! ye> 9 :i* ! am\nt is det]m9$4 7,,ii7 ,= purposes ( subclause 7,i71 ! applicable p]c5tage is ! p]c5tage specifi$ 9 connection ) ! numb] ( ye>s ( "w1 z set =? 9 ! foll[+ table3 ,if ! numb] ( years,the applicable ( "w is3p]c5tage is3#aaf4be p]c5t#abab4ej p]c5t#acah4ge p]c5t#adbe4jj p]c5t#aeca4be p]c5t#afcg4ej p]c5t#agdc4ge p]c5t#ahej4jj p]c5t#aief4be p]c5t#bjfb4ej p]c5t#bafh4ge p]c5t#bbge4jj p]c5t#bcha4be p]c5t#bdhg4ej p]c5t#beic4ge p]c5t#bfajj4jj p]c5t#bgajf4be p]c5t#bhaab4ej p]c5t#biaah4ge p]c5t#cj or m#abe4jj p]c5t4 7iii7 ,! annual doll> am\nt det]m9$ "u ?is clause is-- 7,i7 = cal5d> ye> #bjbb1 ! pov]ty guidel9e = #bjba2 & 7,,ii7 = any cal5d> ye> aft] #bjbb1 ! annual doll> am\nt = #bjbb multipli$ by ! ratio (-- 7aa7 ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> = :i* ! det]m9ation is made1 to 7bb7 ! national av]age wage index 7z s def9$7 = #bjbj4 7iv7 ,= purposes ( ?is subp>agraph-- 7,i7 ! t]m ye> ( "w means1 ) respect to an individual1 a ye> to :i* #d qu>t]s ( cov]age h be5 cr$it$ bas$ on su* individual's wages & self-employm5t income2 & 7,,ii7 ! t]m pov]ty guidel9e = #bjba means ! annual pov]ty guidel9e = #bjai 7z updat$ annually 9 ! ,f$]al ,regi/] by ! ,dep>tm5t ( ,heal? & ,human ,s]vices "u ! au?ority ( section #fgc7b7 ( ! ,omnibus ,budget ,reconciliation ,act ( #aiha7 z applicable to a s+le individual4 4 7b7 ,recomputation ,not)/&+ section #bae7;f77#a7 ( ! ,social ,security ,act1 ! ,commission] ( ,social ,security %all recompute prim>y insurance am\nts orig9ally comput$ = mon?s prior to ,novemb] #bjba to ! ext5t necess>y to c>ry out ! am5dm5ts made by ?is section4 7c7 ,con=m+ am5dm5t ,section #bji7k77#a7 ( su* ,act 7#db ,u4,s4,c4 #dji7k77#a77 is am5d$ by ins]t+ #bae7;a77#a77;,e71 aft] #bae7;a77#a77;,d714 #h4 ,elim9ation ( disability wait+ p]iod = disability insurance b5efits & surviv+ sp\se b5efits 7a7 ,elim9ation ( wait+ p]iod = disability insurance b5efits ,section #bbc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dbc71 z am5d$ by section #d7;b77#b71 is am5d$-- 7#a7 9 subsection 7a7-- 7,a7 9 p>agraph 7#a71 9 ! matt] foll[+ subp>agraph 7,e7-- 7i7 by /rik+ disability insurance b5efit 7i7 = ea* mon? & all t foll[s ?r\gh 1 or 7iii7 & ins]t+ disability insurance b5efit2 & 7ii7 by /rik+ 1 b only if & all t foll[s ?r\gh "u su* disability2 & 7,b7 9 p>agraph 7#b71 by /rik+ z ?\gh he _h atta9$ age #fb 9-- & all t foll[s ?r\gh su* disability insurance b5efits1 & ins]t+ z ?\gh ! individual _h atta9$ age #fb 9 ! fir/ mon? = :i* ! individual becomes entitl$ to su* disability insurance b5efits12 & 7#b7 9 subsection 7c7-- 7,a7 9 ! subsection head]1 by /rik+ ,def9itions ( ,insur$ ,/atus & ,wait+ ,p]iod & ins]t+ ,def9ition ( ,insur$ ,/atus2 & 7,b7 by /rik+ p>agraph 7#b74 7b7 ,elim9ation ( wait+ p]iod = surviv+ sp\se & surviv+ divorc$ sp\se b5efits ,section #bjb ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7 is am5d$-- 7#a7 9 subsection 7e7-- 7,a7 9 p>agraph 7#a71 9 ! matt] foll[+ subp>agraph 7,d71 by /rik+ beg9n+ )-- & all t foll[s ?r\gh on su* basis t]m9at$1 & ins]t+ beg9n+ ) ! fir/ mon? 9 :i* %e becomes s entitl$ to su* insurance b5efits2 7,b7 by /rik+ p>agraph 7#e72 & 7,c7 by r$esignat+ p>agraphs 7#f7 ?r\gh 7#h7 z p>agraphs 7#e7 ?r\gh 7#g72 & 7#b7 9 subsection 7f7-- 7,a7 9 p>agraph 7#a71 9 ! matt] foll[+ subp>agraph 7,d71 by /rik+ beg9n+ )-- & all t foll[s ?r\gh on su* basis t]m9at$1 & ins]t+ beg9n+ ) ! fir/ mon? 9 :i* he becomes s entitl$ to su* insurance b5efits2 7,b7 by /rik+ p>agraph 7#e72 & 7,c7 by r$esignat+ p>agraphs 7#f7 ?r\gh 7#h7 z p>agraphs 7#e7 ?r\gh 7#g74 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to applications = b5efits fil$ on or aft] ! date ( ! enactm5t ( ?is ,act4 #i4 ,tax on inve/m5t ga9 7a7 ,9 g5]al ,subsection 7a7 ( section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ #c4h p]c5t ea* place x appe>s & ins]t+ #f4h p]c5t4 7b7 ,con=m+ am5dm5t ,! head+ = *apt] #b;,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ & ,social ,security aft] ,m$ic>e4 7c7 ,tru/ funds 7#a7 ,te*nical am5dm5ts ,section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja7 is am5d$-- 7,a7 9 subsection 7a7-- 7i7 by /rik+ clause ea* place x appe>s & ins]t+ p>agraph2 & 7ii7 9 ! flu% text at ! end1 by /rik+ clauses ea* place x appe>s & ins]t+ p>agraphs2 & 7,b7 9 subsection 7g77#b71 by /rik+ clause ea* place x appe>s & ins]t+ p>agraph4 7#b7 ,f$]al ,old-age & ,survivors ,insurance ,tru/ ,fund ,subsection 7a7 ( section #bja ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dja71 z am5d$ by p>agraph 7#a71 is am5d$-- 7,a7 9 p>agraph 7#d71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 7,b7 by ins]t+ aft] p>agraph 7#d7 ! foll[+ new p>agraph3 7#e7 #dd4a p]c5t ( ! taxes impos$ "u section #adaa ( ! ,int]nal ,rev5ue ,code ( #aihf4 2 & 7,c7 9 ! flu% matt] at ! end1 by /rik+ p>agraphs 7#c7 & 7#d7 ea* place x appe>s & ins]t+ p>agraphs 7#c71 7#d71 & 7#e74 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjba4 #aj4 ,hold+ ,,ssi1 ,m$icaid1 & ,,*ip b5efici>ies h>mless ,= purposes ( det]m9+ ! income ( an individual to e/abli% eligibility =1 & ! am\nt (1 b5efits payable "u title ,,xvi ( ! ,social ,security ,act1 eligibility = m$ical assi/ance "u ! ,/ate plan "u title ,,xix 7or a waiv] ( su* plan71 or eligibility = *ild heal? assi/ance "u ! ,/ate *ild heal? plan "u title ,,xxi 7or a waiv] ( ! plan71 ! am\nt ( any b5efit to :i* ! individual is entitl$ "u title ,,ii ( su* ,act %all be deem$ n to exce$ ! am\nt ( ! b5efit t w\ld be det]m9$ = su* individual "u su* title z 9 effect on ! day be=e ! date ( ! enactm5t ( ?is ,act4