,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cdjj  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #e1 #bjbc,ms4 
,/ab5[ 7= h]self & ,ms4 ,coll9s7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d title ,,ii 
( ! ,social ,security ,act to p]mit     
disabl$ individuals to elect to receive 
disability insurance b5efits dur+ !     
disability insurance b5efit wait+ p]iod1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,we ,c't ,wait    
,act ( #bjbc4  #b4 ,election to receive 
7a7 ,9 g5]al ,section #bbc7;a7 ( !      
,social ,security ,act 7#db ,u4,s4,c4   
#dbc7 is am5d$-- 7#a7 9 p>agraph 7#a71 9
 ! matt] foll[+ subp>agraph 7,e71 by    
/rik+ 7i7 & all t foll[s ?r\gh 1 7ii7 9 
& ins]t+ 7i7 = ea* mon? beg9n+ ) ! fir/ 
mon? aft] ! individual's wait+ p]iod 7z 
def9$ 9 subsection 7c77#b77 9 :i* !     
individual becomes s entitl$ to su*     
insurance b5efits unless ! individual   
elects to receive insurance b5efits dur+

 su* wait+ p]iod 9 accordance ) p>agraph
 7#c71 7ii7 9 ! case ( an individual    
elect+ to receive insurance b5efits dur+
 ! individual's wait+ p]iod pursuant to 
! prec$+ clause & 92  7#b7 9 p>agraph   
7#b71 by /rik+ & section                
#bae7;b77#b77;,a77ii7 & ins]t+ 1 section
 #bae7;b77#b77;,a77ii71 & p>agraph 7#c7 
( ?is subsection12 &  7#c7 by add+ at ! 
end ! foll[+ new p>agraph3  7#c7 7,a7   
,an individual may elect to receive     
disability insurance b5efits dur+ !     
individual's wait+ p]iod pursuant to    
p>agraph 7#a7 if su* individual or _!   
appo9t$ repres5tative makes su* election
 9 writ+ 7:i* may include select+ an    
option on a b5efit application =m7      
dur+-- 7i7 9 ! case ( an individual :o  
has appli$ = b n yet receiv$ a decision 
on _! application = su* disability      
insurance b5efits be=e ! date on :i* ?is
 p>agraph takes effect-- 7,i7 ! #de-;day
 p]iod foll[+ su* date1 or  7,,ii7 !    
#aj-;day p]iod 7if su* p]iod ends lat]  
?an ! end ( ! #de-;day p]iod7 foll[+ !  

date on :i* su* individual receives a   
decision on su* application :i* is      
favorable to su* individual1  7ii7 9 !  
case ( an individual apply+ = disability
 insurance b5efits on or aft] ! date on 
:i* ?is p>agraph takes effect-- 7,i7 !  
date on :i* su* individual files an     
application = disability insurance      
b5efit1 or dur+ ! #aj-;day p]iod foll[+ 
su* date1  7,,ii7 ! date on :i* su*     
individual reque/s reconsid]ation ( !   
initial det]m9ation1 or dur+ ! #aj-;day 
p]iod foll[+ su* date1 or  7,,iii7 !    
date on :i* su* individual reque/s a    
he>+ by an adm9i/rative law judge1 or   
dur+ ! #aj-;day p]iod foll[+ su* date1  
7iii7 9 ! case ( an individual ^: int]e/
 ! ,commission] ( ,social ,security     
det]m9es w\ld be s]v$ by mak+ paym5t ( !
 individual's b5efit to a repres5tative 
payee 7)9 ! mean+ ( section #bje7;j771  
su* individual's election may be revok$ 
or confirm$ by su* repres5tative payee  
dur+ ! #aj day p]iod beg9n+ on ! date on
 :i* su* repres5tative payee is select$1

 &  7iv7 9 ! case ( an individual :o    
elects to receive disability insurance  
b5efits dur+ su* individual's wait+     
p]iod pursuant to p>agraph 7#a71 !      
individual may revoke su* election dur+ 
! p]iods describ$ 9 ?is subp>agraph1    
except t 9 no ev5t %all su* elections or
 revocations occur 9 ! fir/ mon? ( an   
e/abli%$ p]iod ( eligibility4  7,b7 ,9 !
 case ( an individual elect+ to receive 
a disability insurance b5efit dur+ !    
individual's wait+ p]iod pursuant to    
p>agraph 7#a71 su* individual's         
disability insurance b5efit = any mon?  
dur+ or aft] su* wait+ p]iod %all-- 7i7 
be equal to ! product (-- 7,i7 !        
disability insurance b5efit am\nt       
det]m9$ "u p>agraph 7#b7 7z det]m9$ be=e
 application ( ?is p>agraph71 multipli$ 
by  7,,ii7 ! p]c5tage det]m9$ "u        
subp>agraph 7,c7 = ! mon? dur+ :i* su*  
individual fir/ becomes entitl$ to su*  
disability insurance b5efit1  7ii7      
cont9ue un*ang$ = ! entire p]iod (      
eligibility = su* disability insurance  

b5efit1 & )\t ! effect ( recalculations 
describ$ "u subp>agraph 7,c71 &  7iii7  
if applicable1 be paid z "p ( a claim ( 
entitlem5t to pa/-due b5efits "u ?is    
title & includ$ 9 ! total doll> am\nt ( 
su* pa/-due b5efits4  7,c7 ,! p]c5tage  
det]m9$ "u ?is subp>agraph %all be-- 7i7
 = any mon? 9 ! #cf-mon? p]iod beg9n+ ) 
! fir/ mon? t beg9s aft] ! date t is    
#ahj days aft] ! date ( enactm5t ( ?is  
p>agraph1 #if p]c5t1 &  7ii7 = any      
subsequ5t mon?1 ! p]c5tage mo/ rec5tly  
c]tifi$ by ! ,commission] "u p>agraph   
7,d77ii74  7,d7 7i7 ,n lat] ?an ! end ( 
! #cf-mon? p]iod describ$ "u subp>agraph
 7,c77i71 & n lat] ?an ! end ( e #e-ye> 
p]iod !reaft]1 ! ,*ief ,actu>y ( !      
,social ,security ,adm9i/ration %all    
calculate a p]c5tage su* t ! fiscal     
impact ov] a #ge-ye> p]iod ^u ! ,f$]al  
,disability ,insurance ,tru/ ,fund if   
all individuals :o appli$ pursuant to   
p>agraph 7#a7 to receive disability     
insurance b5efits made an election to   
receive b5efits dur+ _! wait+ p]iods is 

equal to ! fiscal impact ov] su* p]iod  
^u su* ,tru/ ,fund t w\ld h be5 made if 
all individuals :o appli$ _h n made su* 
election4  7ii7 ,n lat] ?an ! end ( !   
#cf-mon? p]iod describ$ "u subp>agraph  
7,c77i71 & n lat] ?an ! end ( e #e-ye>  
p]iod !reaft]1 ! ,commission]-- 7,i7 if 
! p]c5tage calculat$ by ! ,*ief ,actu>y 
9 accordance ) clause 7i7 is great] ?an 
or equal to #ia p]c5t1 %all c]tify to ! 
,manag+ ,tru/ee su* p]c5tage1 or  7,,ii7
 if su* p]c5tage is less ?an #ia p]c5t1 
may elect n to c]tify su* p]c5tage to ! 
,manag+ ,tru/ee4  7iii7 ,n lat] ?an #b  
ye>s aft] ! ,commission] elects n to    
c]tify any p]c5tage calculat$ by ! ,*ief
 ,actu>y1 ! ,*ief ,actu>y %all prep>e & 
deliv] a report to ,congress1 includ+   
detail$ recomm5dations = adm9i/rative or
 legislative actions to p]mit           
individuals eligible = disability       
insurance b5efits to receive disability 
insurance b5efits dur+ ! disability     
insurance b5efit wait+ p]iod su* t !    
fiscal impact ov] a #ge-ye> p]iod ^u !  

,f$]al ,disability ,insurance ,tru/     
,fund is actu>ially neutral4  7,e7 ,no  
election made or n made by an individual
 pursuant to ?is p>agraph %all be       
con/ru$ to h any effect on any b5efits  
payable to any o!r individual on ! basis
 ( su* individual's wages &             
self-employm5t income4  7,f7 ,!         
,commission] %all make available to !   
g5]al public by po/+ on a website       
in=mation relat+ to elect+ to receive   
disability insurance b5efits dur+ !     
wait+ p]iod1 includ+ a calculator :i* an
 individual may use to det]m9e ! effect 
( elect+ to receive disability insurance
 b5efits dur+ ! wait+ p]iod on !        
individual's disability insurance       
b5efit4  7,g7 ,ea* application =        
entitlem5t to disability insurance      
b5efits t may subject ! individual to ! 
wait+ p]iod pursuant to p>agraph 7#a7   
%all all[ = new elections or revocations
 "u ?is p>agraph4  4  7b7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to applications = disability 

insurance b5efits t are made or p5d+ on 
or aft] ! fir/ day ( ! fir/ mon? t beg9s
 at lea/ #ahj days aft] ! date (        
enactm5t ( ?is ,act4  7c7 ,update to    
,social ,security disability =ms ,n lat]
 ?an #ahj days aft] ! date ( enactm5t ( 
?is ,act1 ! ,commission] ( ,social      
,security %all update ! application =ms 
= apply+ = disability insurance b5efits 
to include an option = applicants to    
elect to receive disability insurance   
b5efits dur+ _! wait+ p]iod4