Social Security Earned Benefits Payment Act
Last action on Sep 28, 2015Referred to the Subcommittee on Social Security.
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Summary
Social Security Earned Benefits Payment Act
This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to require allocations to the Federal Disability Insurance Trust Fund equal to: (1) 2.65% of the amount of wages and self-employment income paid between December 31, 2015, and January 1, 2021, and (2) 1.80% of wages and self-employment income paid after December 31, 2020.
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