Sec. 106. Increasing benefits for beneficiaries after 15 years of eligibility
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Section 202 of the Social Security Act ( 42 U.S.C. 402 ) is amended by adding at the end the following new subsection: In the case of an individual who is a qualified beneficiary for a calendar year after 2021, the amount of any monthly insurance benefit of such qualified beneficiary under this section or section 223 for any month in such calendar year shall be increased in accordance with paragraph (3). For purposes of this subsection, the term qualified beneficiary for a calendar year means an individual in any case in which such calendar year begins at least 16 years after the applicable date of eligibility for such individual.
For purposes of this subsection, the applicable date of eligibility for an individual is the date on which the individual on whose wages and self-employment income the monthly insurance benefit is based initially became eligible (or died before becoming eligible) for old-age insurance benefits under subsection
(a)or disability insurance benefits under section 223. The increase required under paragraph
(1)with respect to the monthly insurance benefit of an individual who is a qualified beneficiary for a calendar year shall be equal to the applicable percentage (specified for such benefit in subparagraph (B)) of the full increase amount for such calendar year (determined under subparagraph (C)). The applicable percentage specified for a monthly insurance benefit under this subparagraph for a calendar year is the percentage specified, in connection with the number of years ending after the applicable date of eligibility for such individual and before such calendar year, in the following table: The applicable If the number of years is: percentage is: 16 20 percent 17 40 percent 18 60 percent 19 80 percent 20 or larger 100 percent. Except as provided in clause (ii), the full increase amount determined under this subparagraph for a calendar year in connection with the monthly insurance benefit of a qualified beneficiary is a dollar amount equal to 5 percent of the amount of the benefit if— such benefit were based on the primary insurance amount determined for January of such calendar year of a putative individual; on January 1 of the calendar year in which occurred the applicable eligibility date with respect to such individual, such putative individual were fully insured, attained retirement age (as defined in section 216(l)(2)) and were otherwise eligible for, and applied for, old-age insurance benefits; and such putative individual’s average indexed monthly earnings taken into account in determining such primary insurance amount were equal to 1/12 of the national average wage index (as defined in section 209(k)(1)) for the second year prior to such calendar year. In the case of a monthly insurance benefit under subsection
(b)or (c), the full increase amount determined under this subparagraph shall be one-half the amount determined under clause (i); or in the case of a monthly insurance benefit under subsection (d), (g), or (h), the full increase amount determined under this subparagraph shall be the percentage of the amount determined under clause
(i)equal to the ratio which the amount of such benefit bears to the primary insurance amount (before the application of section 203(a)) of the individual on whose wages and self-employment income the monthly insurance benefit is based. In the case of a qualified beneficiary who is entitled to two or more monthly insurance benefits under this title for the same month— the earliest applicable date of eligibility for such beneficiary with respect to such benefits shall be treated as the applicable date of eligibility for such beneficiary for the purposes of this subsection; and such beneficiary shall be entitled to an increase with respect only to one such benefit. This subsection shall be applied to monthly insurance benefits after any increase under subsection
(w)and any applicable reductions and deductions under this title. In any case in which an individual is entitled to benefits under both this section and section 223, the increase under this subsection shall be paid from the Federal Old-Age and Survivors Insurance Trust Fund. . Section 202 of such Act ( 42 U.S.C. 402 ) is amended— in the last sentence of subsection (a), by striking subsection
(q)and subsection
(w)and inserting subsections (q), (w), and
(aa); in subsection (b)(2), by striking subsections (k)(5) and
(q)and inserting subsections (k)(5), (q), and
(aa); in subsection (c)(2), by striking subsections (k)(5) and
(q)and inserting subsections (k)(5), (q), and
(aa); in subsection (d)(2), by adding at the end the following: This paragraph shall apply subject to subsection (aa). ; in subsection (e)(2)(A), by striking subsection (k)(5), subsection (q), and subparagraph
(D)of this paragraph and inserting subsection (k)(5), subsection (q), subsection (aa), and subparagraph
(D)of this paragraph ; in subsection (f)(2)(A), by striking subsection (k)(5), subsection (q), and subparagraph
(D)of this paragraph and inserting subsection (k)(5), subsection (q), subsection (aa), and subparagraph
(D)of this paragraph ; in subsection (g)(2), by striking Such and inserting Except as provided in subsections (k)(5) and (aa), such ; in subsection (h)(2)(A), by inserting and subsection
(aa)after subparagraphs
(B)and
(C); and in section 223(a)(2), by striking section 202(q) and inserting sections 202(q) and 202(aa) . Section 209(k)(1) of such Act ( 402 U.S.C. 409(k)(1) ) is amended by inserting 202(aa)(3)(C)(i)(II), before 203(f)(8)(B)(ii) . The amendments made by this section shall apply with respect to monthly insurance benefits payable for months in calendar years 2022 through 2026.
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- 402 USC 409(k)(1)
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Sec. 106
Increasing benefits for beneficiaries after 15 years of eligibility
Cite402 USC 409(k)(1)
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