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Code · BILL · 115th Congress · S. 427 (Introduced in Senate) — To enhance Social Security benefits and ensure the long-term solvency of the Social Security program. · Sec. 2

Sec. 2. Across-the-board benefit increase

121 words·~1 min read·/bill/115/s/427/is/section-2

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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 2022, 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 2023, 1 percent; for each of calendar years 2024 through 2036, the percent determined under this clause for the preceding year increased by 1 percentage point; and for calendar year 2037 and each year thereafter, 15 percent. .
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Sec. 2
Across-the-board benefit increase
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