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Strengthening Social Security for Long Career Workers Act

12/30/2022, 5:47 PM

Summary of Bill HR 3916

Bill 117 HR 3916, also known as the Strengthening Social Security for Long Career Workers Act, aims to provide additional support for individuals who have worked for many years and contributed to the Social Security system. The bill specifically targets those who have worked for at least 30 years and are at or near retirement age.

One of the key provisions of the bill is the implementation of a new benefit calculation method for long career workers. This method would take into account the individual's highest 30 years of earnings, rather than the current method which averages earnings over 35 years. This change is intended to provide a more accurate reflection of a long career worker's contributions to the Social Security system.

Additionally, the bill includes measures to increase the minimum benefit for long career workers who have worked for at least 30 years. This increase is designed to ensure that these individuals receive a more adequate level of support in retirement. Overall, the Strengthening Social Security for Long Career Workers Act seeks to address the unique needs of individuals who have dedicated many years to the workforce and the Social Security system. By implementing changes to benefit calculations and increasing minimum benefits, the bill aims to provide greater financial security for long career workers as they enter retirement.

Congressional Summary of HR 3916

Strengthening Social Security for Long Career Workers Act

This bill increases Social Security benefits for certain lifetime low earners. Specifically, it establishes a new method to calculate the Special Minimum Primary Insurance Amount (PIA) for workers who become eligible for benefits after calendar year 2027.

The Special Minimum PIA is an alternative benefit formula that increases benefits paid to workers who earn low wages throughout their careers and, under current law, is adjusted annually based on price growth. This bill revises the method of calculating the Special Minimum PIA by tying it to the national average wage index, which generally grows faster than the price index currently being used.

Current Status of Bill HR 3916

Bill HR 3916 is currently in the status of Bill Introduced since June 15, 2021. Bill HR 3916 was introduced during Congress 117 and was introduced to the House on June 15, 2021.  Bill HR 3916's most recent activity was Referred to the Subcommittee on Social Security. as of June 15, 2021

Bipartisan Support of Bill HR 3916

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3916

Primary Policy Focus

Social Welfare

Alternate Title(s) of Bill HR 3916

Strengthening Social Security for Long Career Workers Act
To amend title II of the Social Security Act to strengthen Social Security for long career workers, and for other purposes.
Strengthening Social Security for Long Career Workers Act

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