Sec. 3106. Application of actuarial reduction for disabled beneficiaries who attain early retirement age
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/bill/113/s/11/is/section-3106·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 202(k)(4) of the Social Security Act ( 42 U.S.C. 402(k)(4) ) is amended to read as follows: Subject to subparagraph (B), any individual who, under this section and section 223, is entitled for any month to both an old-age insurance benefit and a disability insurance benefit under this title shall be entitled to only the larger of such benefits for such month, except that, if such individual so elects, he shall instead be entitled to only the smaller of such benefits for such month. An individual described in subparagraph
(A)who has attained transitional retirement age (as determined under subparagraph (C)) shall only be entitled to the old-age insurance benefit for such month, as reduced for such month pursuant to subsection (q)(1). For purposes of subparagraph (B), the term transitional retirement age means— with respect to an individual who attains 62 years of age before January 1, 2014, 66 years of age; with respect to an individual who attains 62 years of age after December 31, 2013, and before January 1, 2025, 66 years of age reduced by the number of months determined under the transition factor (as determined under subparagraph (D)) for the calendar year in which such individual attains 62 years of age; and with respect to an individual who attains 62 years of age after December 31, 2024, 64 years of age. For purposes of subparagraph (C)(ii), the transition factor shall be equal to two-twelfths of the number of months in the period beginning with January 2014 and ending with December of the year in which the individual attains 62 years of age. . Clause
(i)of section 216(i)(2)(D) of the Social Security Act ( 42 U.S.C. 416(i)(2)(D) ) is amended by striking retirement age (as defined in subsection (l)) and inserting transitional retirement age (as defined in section 216(k)(4)) . Section 223(a)(1) of the Social Security ( 42 U.S.C. 423(a)(1) ) is amended— in subparagraph (B), by striking retirement age (as defined in section 216(l)) and inserting transitional retirement age (as defined in section 216(k)(4)) ; and in the flush matter at the end, by striking retirement age (as defined in section 216(l)) and inserting transitional retirement age (as defined in section 216(k)(4)) . The amendments made by this section shall apply to benefits payable for months beginning after December 31, 2013.
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Sec. 3106
Application of actuarial reduction for disabled beneficiaries who attain early retirement age
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