H.R. 3557 (111th): To provide an emergency cost-of-living increase for Social Security benefits for 2010.

111th Congress, 2009–2010. Text as of Sep 14, 2009 (Introduced).

Status & Summary | PDF | Source: GPO

I

111th CONGRESS

1st Session

H. R. 3557

IN THE HOUSE OF REPRESENTATIVES

September 14, 2009

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To provide an emergency cost-of-living increase for Social Security benefits for 2010.

1.

Emergency cost-of-living increase for Social Security benefits for 2010

Notwithstanding any provision of section 215(i) of the Social Security Act (42 U.S.C. 415(i)) to the contrary—

(1)

for purposes of such section 215(i), the applicable increase percentage (as defined in section 215(i)(1)(C) of such Act) with respect to the base quarter (as defined in section 215(i)(1)(A)(i) of such Act) in 2009 shall be deemed to be equal to the average of the 10 applicable increase percentages (as so defined) with respect to the base quarters (as so defined) in the 10 calendar years preceding 2009 (rounded to the nearest one-tenth of 1 percent); and

(2)

for purposes of such section 215(i) (and any provision of law cross-referring to such section 215(i) or otherwise providing for increases based on increases occurring under such section 215(i)), the increase under section 215(i)(2)(A)(ii) of such Act resulting from the application of this section shall be deemed to be an increase under such section 215(i) and not a general benefit increase.