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H.R. 649

Protecting and Preserving Social Security Act

Protecting and Preserving Social Security Act - Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish for each calendar month a Consumer Price Index for Elderly Consumers (CPI-EC) that indicates changes over time in consumption expenditures typical for individuals in the United States age 62 or older.

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to make the CPI-EC the applicable Consumer Price Index (CPI) for computation of cost-of-living increases in OASDI benefits for such individuals.

Amends the Internal Revenue Code to prescribe special rules for the determination of wages and self-employment income above the contribution and benefit base after 2013.

Amends SSA title II to include surplus average indexed monthly earnings (AIME) in the determination of primary OASDI amounts.

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Rep. Deutch, Theodore E. [D-FL-21](D-FL)Sponsor
28 cosponsors28 D
28cosponsors2committees6actions3related bills5subjects
  • Introduced in HouseFeb 13, 2013
  1. Committee

    Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

  2. Committee

    Referred to the Subcommittee on Social Security.

  3. IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. IntroReferralH11100

    Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. IntroReferralIntro-H

    Introduced in House

  6. IntroReferral1000

    Introduced in House

Protecting and Preserving Social Security Act — Informed