Seniors' Retirement Recovery Act of 2002
Last action on Oct 7, 2002Referred to the House Committee on Ways and Means.
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Summary
Seniors' Retirement Recovery Act of 2002 - Amends the Internal Revenue Code to repeal the 1993 income tax increase on Social Security benefits. Appropriates, from the general fund, to the Hospital Insurance Trust Fund amounts equal to the reduction in revenue lost because of the repeal.
Increases the age at which pension and retirement distributions must begin from 70 1/2 to 80.
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