One Social Security Act
Last action on Jul 27, 2015Referred to the Subcommittee on Social Security.
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Summary
One Social Security Act
This bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to merge the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund into a new, restructured Social Security Trust Fund to consist of the employment and self-employment taxes imposed with respect to wages and self-employment income.
The annual report to Congress on the operation and status of the Trust Fund shall include an actuarial analysis of the benefit cost with respect to disabled beneficiaries and their auxiliaries, to retired beneficiaries and their auxiliaries, and to survivor beneficiaries.
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