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- S.4180
S.4180: Protecting Benefits for Retirees Act
About This Bill
- Introduced July 2, 2020
- Latest Major Action July 2, 2020
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - July 2, 2020
Bill Summary
Protecting Benefits for Retirees Act This bill specifies that the national average wage index used in calculations related to Old Age, Survivors, and Disability Insurance (OASDI) benefit programs must be at least as high as the wage index used in the previous year. Specifically, for any year in which the average wage index declines, the calculations must use the index that applied during the previous year. Under current law, the wage index...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 2, 2020 |
Read twice and referred to the Committee on Finance.
|
| July 2, 2020 |
Introduced in the Senate by Tim Kaine (D-Va.) |