Sec. 2. Across-the-board benefit increase
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/bill/114/s/731/is/section-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 215(a)(1)(B) of the Social Security Act ( 42 U.S.C. 415(a)(1)(B) ) is amended— by redesignating clause
(iii)as clause (iv); and by inserting after clause
(ii)the following new clause: For individuals who initially become eligible for old-age or disability insurance benefits, or who die (before becoming eligible for such benefits) in any calendar year after 2020, the amount determined under clause
(i)of this subparagraph for purposes of subparagraph (A)(i) for such calendar year shall be increased by— for calendar year 2021, 1 percent; for each of calendar years 2022 through 2034, the percent determined under this clause for the preceding year increased by 1 percentage point; and for calendar year 2035 and each year thereafter, 15 percent. .
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Sec. 2
Across-the-board benefit increase
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